AptarGroup, Inc. (NYSE:ATR) has been gaining attention from institutional investor Dimensional Fund Advisors LP, which recently boosted its stake in the industrial products company’s stock by 0.8%. According to the latest 13F filing with the Securities & Exchange Commission, Dimensional Fund Advisors LP now owns approximately 0.98% of AptarGroup’s outstanding shares, worth a whopping $70,007,000.
The news of this additional investment comes just weeks after AptarGroup announced its Q1 earnings results on April 28th. During that quarter, AptarGroup reported $0.95 earnings per share, exceeding analysts’ consensus estimates by $0.05. The company also generated revenue of $860.07 million for the quarter—up a respectable 1.8% compared to the same period in the previous year.
Looking forward to the end of 2023, equities analysts predict that AptarGroup will post an impressive 4.15 earnings per share for the current fiscal year.
All indications point towards a strong outlook for AptarGroup and its investors going forward—including insider Marc Prieur, who recently sold 6,000 shares of ATR stock at an average price of $119 per share for a total transaction value of $714,000.
With one percent of ATR stock owned by insiders and interest from institutional investors like Dimensional Fund Advisors LP continuing to grow every day, there is no better time than now to take a closer look at AptarGroup and consider its potential as a long-term investment option.
Investor Interest and Fluctuations in AptarGroup’s Stock Price
AptarGroup, a leading industrial products company, has recently experienced fluctuations in investment from institutional investors and hedge funds. Rockefeller Capital Management L.P. increased its position in AptarGroup by 76.3% during the third quarter of 2022 while Riverview Trust Co increased its holdings in shares of AptarGroup by 53.1% in the fourth quarter of 2022. Other financial organizations, including Financial Advocates Investment Management, Romano Brothers AND Company and Benjamin Edwards Inc., have all recently added to their stakes in AptarGroup.
These investments have likely contributed to the $7.43 billion market capitalization for AptarGroup, as well as the company’s P/E ratio of 32.78 and price-to-earnings-growth ratio of 4.03. Unfortunately, this growth has not been consistent with the one-year spread between the company’s low stock price ($90.23) and high stock price ($122.50). The company’s stock opened at $113.54 on Friday although it had previously hit a fifty-day moving average price of $117.82.
Recently, insider Marc Prieur sold 6,000 shares of AptarGroup stock in a transaction that totaled $714,000 following news that the business announced quarterly dividends paid on May 25th giving investors a dividend payout ratio (DPR) of 43.80%. Despite these changes, analysts remain cautiously optimistic about the future performance of AptarGroup with Bloomberg.com reporting an average target price of $131.33 and a “Moderate Buy” consensus rating from two research analysts who have rated the stock with a hold rating and five given it a buy rating.
These developments indicate significant investor interest in AptarGroup while underscoring both volatility around its prices and inherent uncertainty around future performance despite its solid fundamentals shown thus far from its history as an industrial products supplier.
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