Puzo Michael J Increases Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Puzo Michael J increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,228 shares of the industrial products company’s stock after buying an additional 474 shares during the quarter. AptarGroup comprises approximately 3.2% of Puzo Michael J’s portfolio, making the stock its 13th biggest holding. Puzo Michael J owned approximately 0.11% of AptarGroup worth $11,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Broderick Brian C lifted its stake in shares of AptarGroup by 2.9% in the 1st quarter. Broderick Brian C now owns 88,662 shares of the industrial products company’s stock valued at $13,156,000 after purchasing an additional 2,515 shares in the last quarter. Hemenway Trust Co LLC raised its holdings in shares of AptarGroup by 4.5% during the 1st quarter. Hemenway Trust Co LLC now owns 245,954 shares of the industrial products company’s stock valued at $36,495,000 after buying an additional 10,552 shares during the period. Mountain Pacific Investment Advisers LLC lifted its position in shares of AptarGroup by 2.8% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 307,245 shares of the industrial products company’s stock worth $45,589,000 after purchasing an additional 8,226 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in AptarGroup by 9.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 18,303 shares of the industrial products company’s stock valued at $2,716,000 after buying an additional 1,620 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in AptarGroup by 6.7% in the first quarter. Exchange Traded Concepts LLC now owns 5,237 shares of the industrial products company’s stock valued at $777,000 after purchasing an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 17,771 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 204,986 shares of the company’s stock, valued at approximately $31,002,082.64. This represents a 7.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gael Touya sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $152.62, for a total transaction of $503,646.00. Following the transaction, the insider now owns 33,963 shares in the company, valued at $5,183,433.06. This represents a 8.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,680 shares of company stock worth $6,983,798. 0.68% of the stock is currently owned by company insiders.

AptarGroup Stock Down 1.5%

ATR stock opened at $149.41 on Wednesday. The firm has a market cap of $9.87 billion, a price-to-earnings 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 firm has a fifty day moving average price of $151.52 and a two-hundred day moving average price of $152.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.85.

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 analysts’ consensus estimates of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ATR shares. Wells Fargo & Company reaffirmed 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. Raymond James Financial cut their price target on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. 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. Based on data from MarketBeat, AptarGroup currently has a consensus rating of “Buy” and a consensus price target 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.