American International Group Inc. reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,678 shares of the industrial products company’s stock after selling 1,429 shares during the period. American International Group Inc. owned about 0.16% of AptarGroup worth $11,183,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of ATR. Rockefeller Capital Management L.P. increased its holdings in AptarGroup by 76.3% in the third quarter. Rockefeller Capital Management L.P. now owns 328 shares of the industrial products company’s stock valued at $31,000 after buying an additional 142 shares during the last quarter. Riverview Trust Co raised its position in shares of AptarGroup by 53.1% during the 4th quarter. Riverview Trust Co now owns 375 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 130 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in shares of AptarGroup during the 3rd quarter valued at approximately $58,000. Romano Brothers AND Company bought a new position in AptarGroup during the fourth quarter worth $66,000. Finally, Benjamin Edwards Inc. boosted its holdings in AptarGroup by 113.2% in the fourth quarter. Benjamin Edwards Inc. now owns 678 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 360 shares during the period. Institutional investors own 89.37% of the company’s stock.
AptarGroup Stock Up 0.5 %
ATR opened at $114.16 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.93. AptarGroup, Inc. has a 12 month low of $90.23 and a 12 month high of $122.50. The stock’s 50 day moving average price is $117.90 and its 200 day moving average price is $113.39. The stock has a market cap of $7.47 billion, a P/E ratio of 32.90, a P/E/G ratio of 3.93 and a beta of 0.64.
AptarGroup (NYSE:ATR – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $860.07 million for the quarter, compared to analysts’ expectations of $829.92 million. AptarGroup had a net margin of 6.94% and a return on equity of 12.53%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. As a group, research analysts predict that AptarGroup, Inc. will post 4.15 earnings per share for the current year.
AptarGroup Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 4th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, May 3rd. AptarGroup’s dividend payout ratio (DPR) is presently 43.80%.
Analysts Set New Price Targets
A number of brokerages have weighed in on ATR. Bank of America increased their target price on shares of AptarGroup from $132.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, April 20th. Deutsche Bank Aktiengesellschaft lifted their target price on AptarGroup from $130.00 to $134.00 in a research note on Monday, May 1st. StockNews.com started coverage on AptarGroup in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Wells Fargo & Company boosted their price objective on AptarGroup from $121.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. Finally, Robert W. Baird increased their target price on AptarGroup from $115.00 to $125.00 in a research report on Monday, May 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AptarGroup has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.
Insider Activity at AptarGroup
In other AptarGroup news, insider Marc Prieur sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $119.00, for a total value of $714,000.00. Following the completion of the sale, the insider now directly owns 25,028 shares in the company, valued at $2,978,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc engages in the design, manufacture, drug delivery, consumer product dispensing, sealing and active packaging solutions, and services for the prescription drug, consumer health care, injectable, active packaging, beauty, personal care, home care, and food and beverages industries. It operates through the following segments: Pharma, Beauty and Home, and Food and Beverage.
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