AptarGroup, Inc. (NYSE:ATR) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,613 shares of the industrial products company’s stock after selling 985 shares during the quarter. Deutsche Bank AG owned approximately 0.22% of AptarGroup worth $23,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ATR. Norges Bank bought a new position in shares of AptarGroup in the fourth quarter worth $116,265,000. FMR LLC lifted its holdings in 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 purchasing an additional 617,365 shares during the period. Bank of America Corp DE grew its position in AptarGroup by 297.2% in the 4th quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock valued at $74,312,000 after buying an additional 353,935 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in AptarGroup during the 4th quarter valued at about $22,925,000. Finally, Raymond James Financial Inc. acquired a new position in AptarGroup during the 4th quarter valued at about $21,941,000. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 11,329 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the sale, the chief executive officer now directly owns 204,986 shares of the company’s stock, valued at $31,237,816.54. The trade was a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shiela Vinczeller sold 995 shares of the 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 completion of the sale, the insider now owns 26,301 shares of the company’s stock, valued at $4,008,798.42. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,095 shares of company stock valued at $4,565,770 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

AptarGroup Trading Down 0.6%

AptarGroup stock opened at $152.75 on Thursday. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The firm’s 50 day moving average price is $147.05 and its two-hundred day moving average price is $155.52. 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 (NYSE:ATR) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. On average, research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup’s payout ratio is 32.85%.

About AptarGroup

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.