Broderick Brian C Purchases 2,515 Shares of AptarGroup, Inc. (NYSE:ATR)

Broderick Brian C grew its position in AptarGroup, Inc. (NYSE:ATR) by 2.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 88,662 shares of the industrial products company’s stock after purchasing an additional 2,515 shares during the quarter. AptarGroup accounts for approximately 2.7% of Broderick Brian C’s investment portfolio, making the stock its 15th biggest holding. Broderick Brian C’s holdings in AptarGroup were worth $13,156,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of AptarGroup during the 4th quarter valued at about $116,265,000. FMR LLC lifted its position in AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after purchasing an additional 617,365 shares during the period. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 353,935 shares during the last quarter. GAMMA Investing LLC grew its position in AptarGroup by 20,143.0% in the 1st quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company’s stock worth $300,970,000 after purchasing an additional 201,833 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in AptarGroup during the 4th quarter valued at $22,925,000. Institutional investors own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In other news, insider Shiela Vinczeller sold 995 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 26,301 shares in the company, valued at $4,008,798.42. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 11,329 shares of AptarGroup 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 transaction, the chief executive officer now owns 204,986 shares in the company, valued at approximately $31,237,816.54. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,680 shares of company stock valued at $6,983,798 over the last quarter. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ATR has been the topic of a number of research reports. Raymond James Financial dropped their price target on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company reissued 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. One 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 data from MarketBeat.com, AptarGroup currently has a consensus rating of “Buy” and an average price target of $178.60.

AptarGroup Stock Down 1.5%

ATR opened at $149.41 on Wednesday. The firm’s 50 day simple moving average is $151.52 and its two-hundred day simple moving average is $152.72. The company has a market capitalization of $9.87 billion, a PE ratio of 27.26, a PEG ratio of 3.12 and a beta of 0.59. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data 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 15.10% and a net margin of 10.41%. The firm had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. During the same period in the prior year, the business posted $1.26 EPS. AptarGroup’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, May 1st. AptarGroup’s payout ratio is 32.85%.

AptarGroup Company 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.