Aperio Group LLC increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,954 shares of the industrial products company’s stock after purchasing an additional 1,759 shares during the period. Aperio Group LLC’s holdings in AptarGroup were worth $2,240,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATR. Teachers Advisors LLC increased its holdings in AptarGroup by 7.2% during the first quarter. Teachers Advisors LLC now owns 75,582 shares of the industrial products company’s stock valued at $5,819,000 after buying an additional 5,089 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in AptarGroup by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 547,856 shares of the industrial products company’s stock valued at $42,179,000 after buying an additional 42,712 shares during the last quarter. Morgan Stanley increased its holdings in AptarGroup by 28.0% during the first quarter. Morgan Stanley now owns 148,665 shares of the industrial products company’s stock valued at $11,446,000 after buying an additional 32,552 shares during the last quarter. Capstone Asset Management Co. increased its holdings in AptarGroup by 83.0% during the second quarter. Capstone Asset Management Co. now owns 12,345 shares of the industrial products company’s stock valued at $1,072,000 after buying an additional 5,600 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in AptarGroup by 8.8% during the second quarter. Bank of Montreal Can now owns 10,147 shares of the industrial products company’s stock valued at $882,000 after buying an additional 819 shares during the last quarter. 92.31% of the stock is owned by hedge funds and other institutional investors.
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AptarGroup, Inc. (NYSE ATR) opened at $85.59 on Tuesday. The firm has a market cap of $5,289.37, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. AptarGroup, Inc. has a 12-month low of $71.44 and a 12-month high of $90.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. The business had revenue of $624.33 million during the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. sell-side analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.50%. AptarGroup’s dividend payout ratio is 37.43%.
In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the transaction, the director now owns 6,469 shares in the company, valued at $531,298.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Salim Haffar sold 18,130 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the transaction, the insider now owns 39,556 shares of the company’s stock, valued at approximately $3,421,198.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,910 shares of company stock valued at $2,056,799. 5.30% of the stock is owned by company insiders.
A number of analysts have commented on the stock. BidaskClub cut shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Robert W. Baird reaffirmed a “hold” rating and set a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Finally, Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and upped their target price for the company from $70.00 to $77.00 in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $84.57.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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