The Vanguard Group, Inc. has recently announced that it has increased stake in AptarGroup Inc. (NYSE:ATR) by 0.33%. After grabbing 6.88 million shares, the institutional investor is now in possession of 22726.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 10.54% having worth around $757.03 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.17 million to have a control over 3.16 million shares. And Victory Capital Management, Inc. raised its holdings to 0.57 million shares by acquiring 2.88 million shares or 4.42% of the stake.
AptarGroup Inc. (ATR) concluded trading on 01/19/23 at a closing price of $111.99, with 0.18 million shares of worth about $19.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.99% during that period and on Thursday the price saw a gain of about 0.02%. Currently the company’s common shares owned by public are about 65.32M shares, out of which, 64.99M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 69 times over the past 12 months. They bought 205,961 shares in 33 of the transactions. In 36 selling transactions, insiders dumped 144,026 shares.
Eaton Vance Atlanta Capital SMID, Victory Sycamore Established Valu, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in AptarGroup Inc. Eaton Vance Atlanta Capital SMID is currently holding 2.3 million shares of worth totaling $253.42 million. The company recently came buying 0.0 shares which brought its stake up to 3.53% of the company’s outstanding shares. Victory Sycamore Established Valu bought 0.34 million shares, after which its hold over company’s outstanding shares expand to 3.09%, leaving 2.02 million shares with the mutual fund that have a worth of about $222.16 million. iShares Core S&P Mid Cap ETF, after selling 2.01 million shares, have now control over 3.09% of the stake in the company. It holds 384.0 shares of worth $221.52 million.
AptarGroup Inc. (NYSE: ATR) started trading at $111.59, below -$0.38 from concluding price of the previous day. However, the stock later moved at a day high price of 112.41, or with a gain of 0.02%. Stock saw a price change of -1.30% in past 5 days and over the past one month there was a price change of 4.23%. Year-to-date (YTD), ATR shares are showing a performance of 1.83% which decreased to -6.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $90.23 but also hit the highest price of $122.94 during that period. The average intraday trading volume for AptarGroup Inc. shares is 225.56K. The stock is currently trading 0.67% above its 20-day simple moving average (SMA20), while that difference is up 4.05% for SMA50 and it goes to 5.98% higher than SMA200.
The Vanguard Group, Inc. acquired 6.88 million shares of AptarGroup Inc. having value of about $757.03 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 22726.0 shares in the company valued at close to $2545084.74, or have control over 0.33% stake in the company. AptarGroup Inc. (NYSE: ATR) currently have 65.32M outstanding shares and institutions hold larger chunk of about 92.90% of that. Holding of mutual funds in the company is about 39.29% while other institutional holders and individual stake holders have control over 53.20% and 3.69% of the stake respectively.
The stock has a current market capitalization of $7.28B and its 3Y-monthly beta is at 0.62. PE ratio of stock for trailing 12 months is 31.54, while it has posted earnings per share of $3.55 in the same period. Its PEG reads 4.64 and has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ATR, volatility over the week remained 1.60% while standing at 1.88% over the month.
Analysts are in expectations that AptarGroup Inc. (ATR) stock would likely to be making an EPS of $0.94 in the current quarter, while forecast for next quarter EPS is $1.04 and it is $4.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.85 which is $0.98 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.93 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.30% while it is estimated to increase by 3.20% in next year. EPS is likely to grow at an annualized rate of 6.79% for next 5-years, compared to annual growth of 2.60% made by the stock over the past 5-years.
Coverage by Robert W. Baird stated AptarGroup Inc. (ATR) stock as a Neutral in their note to investors on April 14, 2021, suggesting a price target of $150 for the stock. On October 14, 2020, Seaport Global Securities Initiated their recommendations, while on April 27, 2020, BofA/Merrill Upgrade their ratings for the stock with a price target of $131. Stock get an Outperform rating from BMO Capital Markets on March 25, 2020.
