Is AptarGroup (ATR) Stock a Buy For 2021?

Alex Smith
·3 min read

Upslope Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The Fund returned 7.9% net of fees for the fourth quarter, as compared to the 24.4% return of the S&P Midcap 400 ETF and 7.8% return of the HFRX Equity Hedge Index. You should check out Upslope Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q4 2020 Investor Letter, Upslope Capital highlighted a few stocks and AptarGroup Inc (NYSE:ATR) is one of them. AptarGroup Inc (NYSE:ATR) is a global manufacturer of consumer dispensing packaging and drug delivery devices. In the last three months, AptarGroup Inc (NYSE:ATR) stock gained 16.7% and on January 21st it had a closing price of $138.11. Here is what Upslope Capital said:

"Specialty packaging business focused on pumps and sprayers, with a highly profitable and growing pharma packaging unit. Steady secular grower misclassified and undervalued due to its legacy/traditional packaging businesses (Food + Beverage, Beauty + Home), which contribute 60% of sales but <30% of EBIT."

Image: Depositphotos

In Q2 2020, the number of bullish hedge fund positions on AptarGroup Inc (NYSE:ATR) stock increased by about 30% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in AptarGroup's growth potential. Our calculations showed that AptarGroup Inc (NYSE:ATR) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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