FORA Capital LLC Buys Shares of 2,443 AptarGroup, Inc. (NYSE:ATR)

FORA Capital LLC bought a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,443 shares of the industrial products company's stock, valued at approximately $384,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of AptarGroup by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 69,670 shares of the industrial products company's stock worth $11,648,000 after purchasing an additional 15,244 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of AptarGroup by 13.4% in the 4th quarter. Fulton Bank N.A. now owns 2,334 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 276 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company's stock valued at $2,268,000 after purchasing an additional 5,248 shares during the last quarter. Elevated Capital Advisors LLC lifted its stake in shares of AptarGroup by 40.9% in the 4th quarter. Elevated Capital Advisors LLC now owns 2,749 shares of the industrial products company's stock valued at $432,000 after purchasing an additional 798 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its stake in shares of AptarGroup by 6.9% in the 4th quarter. Signal Advisors Wealth LLC now owns 2,608 shares of the industrial products company's stock valued at $410,000 after acquiring an additional 168 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AptarGroup

In related 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 transaction of $2,687,686.04. Following the completion of the sale, the chief executive officer now owns 204,986 shares in the company, valued at $31,002,082.64. This trade represents a 7.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shiela Vinczeller sold 995 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total transaction of $151,657.90. Following the sale, the insider now owns 26,301 shares of the company's stock, valued at $4,008,798.42. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,095 shares of company stock valued at $4,565,770. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Raymond James lowered their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. StockNews.com raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Robert W. Baird cut their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One equities 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $178.60.

AptarGroup Stock Performance

Shares of ATR traded down $0.89 during trading hours on Wednesday, reaching $152.75. 350,071 shares of the company traded hands, compared to its average volume of 305,438. The stock's fifty day moving average is $147.05 and its 200 day moving average is $155.53. The stock has a market cap of $10.09 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS 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 analyst estimates of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. AptarGroup's revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup's payout ratio is 32.85%.

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.