State Farm Trims AptarGroup Stake to 5.57%
Ticker: ATR · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 896622
| Field | Detail |
|---|---|
| Company | Aptargroup, INC. (ATR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Farm slightly reduced its stake in AptarGroup, now holding 5.57% of shares.**
AI Summary
State Farm Mutual Automobile Insurance Company and its affiliate, State Farm Life Insurance Company, have updated their ownership stake in AptarGroup, Inc. as of December 31, 2023. State Farm Mutual now beneficially owns 3,663,253 shares, representing 5.57% of AptarGroup's common stock, while State Farm Life owns 1,000 shares, or 0.00% of the class. This filing indicates a slight decrease in State Farm Mutual's percentage ownership from a previous filing, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially impacting investor sentiment for AptarGroup stock.
Why It Matters
This filing shows a major institutional investor's updated position, which can influence how other investors perceive the stock and its future prospects.
Risk Assessment
Risk Level: low — The change in ownership percentage is minor and does not indicate a significant shift in the company's fundamentals or a major divestment.
Analyst Insight
An investor should note that a major institutional holder has slightly adjusted its position, but this minor change doesn't signal a strong buy or sell signal. It's prudent to monitor future filings and company performance for more significant trends.
Key Numbers
- 3,663,253 — Shares beneficially owned by State Farm Mutual (Represents State Farm Mutual's sole voting and dispositive power in AptarGroup.)
- 5.57 % — Percentage of class owned by State Farm Mutual (Indicates State Farm Mutual's significant, but slightly reduced, ownership stake in AptarGroup.)
- 1,000 — Shares beneficially owned by State Farm Life (Represents State Farm Life's sole voting and dispositive power in AptarGroup.)
- 0.00 % — Percentage of class owned by State Farm Life (Indicates State Farm Life's very minor ownership stake in AptarGroup.)
Key Players & Entities
- State Farm Mutual Automobile Insurance Company (company) — reporting person, beneficial owner of AptarGroup shares
- AptarGroup, Inc. (company) — subject company, issuer of common stock
- State Farm Life Insurance Company (company) — reporting person, beneficial owner of AptarGroup shares
- December 31, 2023 (date) — date of event requiring the filing
- Illinois (company) — place of organization for State Farm Mutual Automobile Insurance Company
Forward-Looking Statements
- AptarGroup's stock price will remain relatively stable in the short term, as State Farm's minor reduction in stake is unlikely to trigger a significant market reaction. (AptarGroup, Inc.) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by State Farm Mutual Automobile Insurance Company and State Farm Life Insurance Company, both reporting persons, regarding their ownership in AptarGroup, Inc.
What is the CUSIP number for AptarGroup, Inc. common stock?
The CUSIP number for AptarGroup, Inc. common stock is 038336103, as stated on Schedule 13G Page 1 of 10 Pages.
What percentage of AptarGroup, Inc. common stock does State Farm Mutual Automobile Insurance Company beneficially own as of December 31, 2023?
As of December 31, 2023, State Farm Mutual Automobile Insurance Company beneficially owns 5.57% of AptarGroup, Inc. common stock, representing 3,663,253 shares, as detailed on Schedule 13G Page 2 of 10 Pages.
What is the aggregate amount of shares beneficially owned by State Farm Life Insurance Company?
State Farm Life Insurance Company beneficially owns an aggregate amount of 1,000 shares of AptarGroup, Inc., as shown on Schedule 13G Page 4 of 10 Pages.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'x' in the appropriate box on Schedule 13G Page 1 of 10 Pages.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding APTARGROUP, INC. (ATR).