Raiffeisen Bank International AG Purchases Shares of 1,118 AptarGroup, Inc. (NYSE:ATR)

Raiffeisen Bank International AG purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,118 shares of the industrial products company’s stock, valued at approximately $175,000.

Other large investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of AptarGroup during the 4th quarter valued at about $42,000. Park Place Capital Corp purchased a new position in shares of AptarGroup during the 4th quarter valued at about $67,000. Principal Securities Inc. lifted its position in shares of AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after buying an additional 335 shares in the last quarter. Huntington National Bank lifted its position in shares of AptarGroup by 35.1% during the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock valued at $73,000 after buying an additional 120 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of AptarGroup during the 4th quarter valued at about $75,000. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Stock Up 1.4%

NYSE ATR opened at $157.11 on Monday. The stock’s 50 day moving average is $147.32 and its 200 day moving average is $155.15. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The stock has a market cap of $10.38 billion, a PE ratio of 28.36, a P/E/G ratio of 3.89 and a beta of 0.58.

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

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, May 1st. AptarGroup’s payout ratio is 32.85%.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 17,771 shares of AptarGroup stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total value of $2,687,686.04. Following the sale, the chief executive officer now owns 204,986 shares of the company’s stock, valued at $31,002,082.64. The trade was a 7.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shiela Vinczeller sold 995 shares of AptarGroup stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 directly owns 26,301 shares in the company, valued at approximately $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 in the last quarter. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Raymond James lowered their price objective on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $178.60.

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.