Bank of New York Mellon Corp Invests Heavily in AptarGroup, (NYSE:ATR)
March 31, 2023
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APTARGROUP ($NYSE:ATR): The Bank of New York Mellon Corp recently invested heavily in AptarGroup, Inc. (NYSE:ATR), to the tune of $68.45 million. Its products serve a wide range of industries, such as food and beverage, cosmetics and toiletries, pharmaceutical, and medical devices. This substantial investment will help AptarGroup continue to develop cutting-edge packaging innovations that serve a variety of industries.
As technological advancements continue to shape the packaging landscape, AptarGroup is well-positioned to take full advantage of the opportunities available. With this strategic investment from the Bank of New York Mellon Corp, AptarGroup can continue to expand its presence in the market and further solidify its position as a leader in the packaging industry.
Stock Price
The stock opened at $113.5 and closed at $114.0, higher than the previous closing price of $113.0. This investment marks the latest in a series of bullish moves by the bank, indicating their confidence in the success of APTARGROUP. The new investment has further solidified their commitment to the company and its future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aptargroup. More…
| Total Revenues | Net Income | Net Margin |
| 3.32k | 239.29 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aptargroup. More…
| Operations | Investing | Financing |
| 478.62 | -295.64 | -162.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aptargroup. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.2k | 2.14k | 31.5 |
Key Ratios Snapshot
Some of the financial key ratios for Aptargroup are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.1% | -0.5% | 11.3% |
| FCF Margin | ROE | ROA |
| 4.9% | 11.9% | 5.6% |
Analysis
GoodWhale has evaluated the fundamentals of APTARGROUP and has come to the conclusion that it has a high health score of 9/10. This indicates that the company is capable of paying off debt and funding future operations. Furthermore, APTARGROUP is classified as a “cow”, which we define as companies that have a track record of paying out consistent and sustainable dividends. Given these characteristics, investors who are looking for a safe and stable source of income may be interested in APTARGROUP. While the company is strong in terms of assets, dividend, and profitability, it is weak in terms of growth. As such, investors should understand the risks associated with investing in a company that is not growing rapidly. More…
Peers
The competition between AptarGroup Inc and Sonova Holding AG, Bruker Corp, West Pharmaceutical Services Inc is fierce. Each company is striving to be the best in the industry, and they are all constantly innovating and improving their products and services. This competition is good for consumers, as it drives down prices and forces the companies to be at the top of their game.
– Sonova Holding AG ($LTS:0QPY)
Sonova Holding AG is a world leader in providing solutions for people with hearing loss. The company has a market capitalization of 14.2 billion as of 2022 and a return on equity of 27.55%. Sonova’s products and services are available in more than 100 countries and include cochlear implants, hearing aids, wireless communication systems, and software applications. The company’s mission is to provide people with the best possible hearing solutions and to enable them to lead fulfilling lives.
– Bruker Corp ($NASDAQ:BRKR)
Bruker Corporation is a leading manufacturer of scientific instruments and solutions. The company produces a wide range of products for a variety of applications, including healthcare, industrial and scientific research, and security. Bruker’s products are used by customers around the world, and the company has a strong presence in both developed and emerging markets. The company’s market capitalization is 8.14 billion as of 2022, and its return on equity is 29.41%. Bruker is a publicly traded company, and its shares are listed on the Nasdaq Stock Market.
– West Pharmaceutical Services Inc ($NYSE:WST)
West Pharmaceutical Services Inc is a leading manufacturer of pharmaceutical packaging components and delivery systems. The company has a market cap of 18.33B as of 2022 and a Return on Equity of 20.68%. West Pharmaceutical Services Inc is a global leader in the design and manufacture of innovative, high-quality pharmaceutical packaging components and delivery systems. The company’s products are used by pharmaceutical, biotechnology and healthcare companies to improve patient safety and outcomes.
Summary
AptarGroup, Inc. (NYSE: ATR) is an attractive investment opportunity for investors looking for exposure to the consumer goods industry. Additionally, Bank of New York Mellon Corp, one of its largest outside investors, holds $68.45 million in AptarGroup, Inc.’s stock. AptarGroup, Inc.’s strength can be attributed to its ability to continually innovate, gain market share, and benefit from lower input costs. With its strong balance sheet, strong revenue growth, and attractive dividend yield, AptarGroup, Inc. is a great opportunity for investors looking to add exposure to the consumer goods industry to their portfolios.
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