Occudo Quantitative Strategies LP Acquires Shares of 5,431 AptarGroup, Inc. (NYSE:ATR)

Occudo Quantitative Strategies LP bought a new stake in AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,431 shares of the industrial products company’s stock, valued at approximately $853,000.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in AptarGroup in the fourth quarter valued at about $116,265,000. FMR LLC lifted its holdings in shares of AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after acquiring an additional 617,365 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of AptarGroup by 297.2% in the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock worth $74,312,000 after acquiring an additional 353,935 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of AptarGroup during the 4th quarter valued at approximately $22,925,000. Finally, Raymond James Financial Inc. acquired a new position in AptarGroup during the 4th quarter worth approximately $21,941,000. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Buying and Selling at AptarGroup

In other news, insider Shiela Vinczeller sold 995 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total value of $151,657.90. Following the sale, the insider now directly owns 26,301 shares of the company’s stock, valued at approximately $4,008,798.42. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 17,771 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total transaction of $2,687,686.04. Following the sale, the chief executive officer now owns 204,986 shares of the company’s stock, valued at approximately $31,002,082.64. This trade represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,095 shares of company stock valued at $4,565,770. 0.68% of the stock is currently owned by company insiders.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $154.00 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $178.03. The firm has a market cap of $10.17 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58. The firm’s fifty day moving average is $147.05 and its 200-day moving average is $155.53.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The firm had revenue of $887.31 million for the quarter, compared to the consensus estimate of $894.26 million. During the same period in the previous year, the business earned $1.26 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, May 1st. AptarGroup’s payout ratio is presently 32.85%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ATR. StockNews.com upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Raymond James cut their price objective on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company restated an “overweight” rating and set a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Finally, Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AptarGroup presently has an average rating of “Buy” and a consensus price target of $178.60.

AptarGroup Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.