Dimensional Fund Advisors LP Acquires 64,288 Shares of AptarGroup, Inc. (NYSE:ATR)

Dimensional Fund Advisors LP raised its stake in AptarGroup, Inc. (NYSE:ATR) by 9.9% in the second quarter, Holdings Channel reports. The fund owned 716,617 shares of the industrial products company’s stock after purchasing an additional 64,288 shares during the quarter. Dimensional Fund Advisors LP’s holdings in AptarGroup were worth $100,917,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ATR. Allspring Global Investments Holdings LLC increased its holdings in AptarGroup by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,077,577 shares of the industrial products company’s stock worth $155,053,000 after purchasing an additional 5,089 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of AptarGroup by 111.0% during the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after purchasing an additional 565,511 shares during the last quarter. American Century Companies Inc. increased its stake in shares of AptarGroup by 35.9% in the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock valued at $113,395,000 after buying an additional 212,886 shares during the period. Bank of New York Mellon Corp raised its holdings in AptarGroup by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company’s stock valued at $91,092,000 after buying an additional 12,533 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in AptarGroup by 4.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 539,569 shares of the industrial products company’s stock worth $66,702,000 after buying an additional 24,838 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,430,672.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the transaction, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,430,672.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.43, for a total value of $277,594.46. Following the completion of the sale, the director now directly owns 8,839 shares of the company’s stock, valued at $1,276,616.77. The disclosure for this sale can be found here. Insiders sold 49,457 shares of company stock valued at $7,314,030 over the last 90 days. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

NYSE:ATR opened at $156.58 on Wednesday. The company has a market capitalization of $10.38 billion, a PE ratio of 33.60, a P/E/G ratio of 3.11 and a beta of 0.57. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $158.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. The company has a 50 day simple moving average of $148.82 and a two-hundred day simple moving average of $145.60.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The business had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. AptarGroup’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. Research analysts anticipate that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were given a dividend of $0.45 per share. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. AptarGroup’s dividend payout ratio is presently 38.63%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price target on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.