Vestmark Advisory Solutions Inc. reduced its position in AptarGroup, Inc. (NYSE:ATR) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,803 shares of the industrial products company’s stock after selling 224 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in AptarGroup were worth $473,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Barings LLC purchased a new position in shares of AptarGroup in the second quarter worth approximately $480,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of AptarGroup by 4.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 878,830 shares of the industrial products company’s stock worth $109,275,000 after acquiring an additional 37,607 shares in the last quarter. One Wealth Advisors LLC increased its position in shares of AptarGroup by 14.8% in the second quarter. One Wealth Advisors LLC now owns 1,936 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 250 shares in the last quarter. Royal Bank of Canada increased its position in shares of AptarGroup by 0.3% in the second quarter. Royal Bank of Canada now owns 195,462 shares of the industrial products company’s stock worth $24,304,000 after acquiring an additional 631 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in shares of AptarGroup in the second quarter worth approximately $187,000. 89.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of ATR stock traded down $0.55 during trading on Thursday, hitting $114.80. 4,683 shares of the company were exchanged, compared to its average volume of 232,461. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 2.11. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 2.74 and a beta of 0.72. The business’s 50-day simple moving average is $119.53 and its 200 day simple moving average is $116.56. AptarGroup, Inc. has a twelve month low of $88.26 and a twelve month high of $126.19.
ATR has been the topic of several analyst reports. UBS Group lifted their target price on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. ValuEngine downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating and set a $126.00 target price on the stock. in a research report on Tuesday, September 10th. Finally, Morgan Stanley initiated coverage on shares of AptarGroup in a report on Monday, July 8th. They set an “overweight” rating and a $144.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $121.83.
In related news, Director Joanne C. Dr Smith sold 5,749 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $118.65, for a total transaction of $682,118.85. Following the completion of the sale, the director now directly owns 20,053 shares in the company, valued at $2,379,288.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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