Is This the Best Time to Exit Your Holdings in AptarGroup (ATR)?

Conestoga Capital Advisors, an asset management company, released its “Conestoga Smid Cap Growth Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the Smid Cap composite declined 4.15% compared to a 0.12% return for the Russell 2500 Growth Index. Stock selection in Utilities and Basic Materials contributed significantly to the fund’s relative performance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Conestoga Capital Advisors highlighted stocks like AptarGroup, Inc. (NYSE:ATR) in the Q3 2022 investor letter. Headquartered in Crystal Lake, Illinois, AptarGroup, Inc. (NYSE:ATR) offers dispensing, sealing, and material science to beauty, home care, and personal care. On December 16, 2022, AptarGroup, Inc. (NYSE:ATR) stock closed at $107.44 per share. One-month return of AptarGroup, Inc. (NYSE:ATR) was 2.19%, and its shares lost 5.48% of their value over the last 52 weeks. AptarGroup, Inc. (NYSE:ATR) has a market capitalization of $7.014 billion.

Conestoga Capital Advisors made the following comment about AptarGroup, Inc. (NYSE:ATR) in its Q3 2022 investor letter:

AptarGroup, Inc. (NYSE:ATR): ATR is a leading global supplier of dispensing systems including pumps, aerosol valves, and metered dose inhaler valves (MDIs). This traditionally defensive business has been disproportionately impacted by supply chain challenges given its near 70% revenue overseas with local manufacturing presence. Proceeds were reallocated to existing holdings with better visibility.”

AptarGroup, Inc. (NYSE:ATR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held AptarGroup, Inc. (NYSE:ATR) at the end of the third quarter, which was 23 in the previous quarter.

We discussed AptarGroup, Inc. (NYSE:ATR) in another article and shared the best plastics stocks to. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.