Sone Capital Management LLC Buys New Holdings in AptarGroup, Inc. (NYSE:ATR)

Sone Capital Management LLC purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 28,881 shares of the industrial products company’s stock, valued at approximately $4,537,000.

A number of other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of AptarGroup by 7.2% in the fourth quarter. Tidal Investments LLC now owns 19,823 shares of the industrial products company’s stock valued at $3,114,000 after buying an additional 1,331 shares during the last quarter. State of Wyoming bought a new stake in AptarGroup in the 4th quarter valued at $97,000. Sherbrooke Park Advisers LLC lifted its holdings in AptarGroup by 48.6% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 4,004 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 1,310 shares during the last quarter. Raiffeisen Bank International AG bought a new position in AptarGroup during the fourth quarter worth $175,000. Finally, Quantinno Capital Management LP boosted its position in AptarGroup by 0.8% during the fourth quarter. Quantinno Capital Management LP now owns 39,659 shares of the industrial products company’s stock worth $6,231,000 after purchasing an additional 315 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com raised shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company reissued an “overweight” rating and set a $170.00 price target (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Finally, Raymond James decreased 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $178.60.

AptarGroup Stock Up 1.4%

NYSE ATR opened at $157.11 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.89 and a beta of 0.58. The company has a 50 day moving average of $147.32 and a 200-day moving average of $155.15. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03.

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

AptarGroup Announces Dividend

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

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 17,771 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $151.24, for a total value of $2,687,686.04. Following the completion of the transaction, the chief executive officer now owns 204,986 shares of the company’s stock, valued at approximately $31,002,082.64. This represents a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shiela Vinczeller sold 995 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total transaction of $151,657.90. Following the completion of the sale, the insider now owns 26,301 shares in the company, valued at approximately $4,008,798.42. The trade was a 3.65% 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. Company insiders own 0.68% of the company’s stock.

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.