AptarGroup, Inc. (NYSE:ATR) Shares Sold by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT cut its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,798 shares of the industrial products company’s stock after selling 126 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in AptarGroup were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATR. Utah Retirement Systems grew its holdings in shares of AptarGroup by 0.9% in the fourth quarter. Utah Retirement Systems now owns 10,981 shares of the industrial products company’s stock valued at $1,725,000 after purchasing an additional 100 shares in the last quarter. Nia Impact Advisors LLC grew its holdings in shares of AptarGroup by 1.0% in the fourth quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company’s stock valued at $1,522,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of AptarGroup by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the industrial products company’s stock valued at $2,760,000 after purchasing an additional 100 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of AptarGroup by 1.3% in the first quarter. Koshinski Asset Management Inc. now owns 7,818 shares of the industrial products company’s stock valued at $1,160,000 after purchasing an additional 104 shares in the last quarter. Finally, Simplex Trading LLC grew its holdings in shares of AptarGroup by 107.4% in the first quarter. Simplex Trading LLC now owns 224 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATR has been the subject of a number of research reports. Wall Street Zen upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Wells Fargo & Company restated an “overweight” rating and issued a $153.00 price objective (down previously from $173.00) on shares of AptarGroup in a report on Monday, August 4th. Finally, Raymond James Financial restated an “outperform” rating and issued a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a report on Monday, August 4th. One research 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 data from MarketBeat.com, AptarGroup presently has a consensus rating of “Buy” and an average price target of $174.60.

AptarGroup Stock Up 0.3%

Shares of AptarGroup stock opened at $138.80 on Friday. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The company has a 50 day moving average of $152.54 and a 200 day moving average of $150.32. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.14 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.88 and a beta of 0.57.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. AptarGroup had a net margin of 10.84% and a return on equity of 15.39%. The company had revenue of $966.01 million during the quarter, compared to the consensus estimate of $954.06 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 24th were paid a $0.45 dividend. The ex-dividend date was Thursday, July 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. AptarGroup’s payout ratio is currently 30.98%.

Insider Buying and Selling

In related news, insider Xiangwei Gong sold 7,000 shares of AptarGroup stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total value of $1,095,430.00. Following the completion of the transaction, the insider owned 10,265 shares in the company, valued at $1,606,369.85. The trade was a 40.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kimberly Chainey sold 1,671 shares of AptarGroup stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the completion of the transaction, the executive vice president owned 11,088 shares of the company’s stock, valued at $1,694,135.52. This represents a 13.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,971 shares of company stock worth $1,854,388 over the last 90 days. 0.68% of the stock is owned by insiders.

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.