Ameriprise Financial Inc. Sells 2,749 Shares of AptarGroup, Inc. (NYSE:ATR)

Ameriprise Financial Inc. reduced its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,113 shares of the industrial products company's stock after selling 2,749 shares during the period. Ameriprise Financial Inc. owned approximately 0.16% of AptarGroup worth $16,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of AptarGroup in the 4th quarter valued at $116,265,000. FMR LLC increased its holdings in AptarGroup by 33.1% in 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 last quarter. Jupiter Asset Management Ltd. acquired a new position in AptarGroup in the fourth quarter valued at about $22,925,000. Raymond James Financial Inc. bought a new position in AptarGroup during the fourth quarter worth about $21,941,000. Finally, Federated Hermes Inc. grew its position in shares of AptarGroup by 18.2% during the 4th quarter. Federated Hermes Inc. now owns 721,785 shares of the industrial products company's stock worth $113,392,000 after buying an additional 111,244 shares during the period. 88.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ATR shares. Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Wells Fargo & Company restated an "overweight" rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Raymond James reduced their target price on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $178.60.

AptarGroup Stock Up 0.3%

Shares of AptarGroup stock traded up $0.41 on Tuesday, reaching $158.49. 388,100 shares of the company were exchanged, compared to its average volume of 306,269. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $147.56 and a 200 day moving average of $155.07. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 3.89 and a beta of 0.58.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. The firm had revenue of $887.31 million for the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. On average, equities research analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is presently 32.85%.

Insider Buying and Selling

In other AptarGroup news, insider Hedi Tlili sold 3,614 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $155.96, for a total value of $563,639.44. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,462,748.84. This represents a 27.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shiela Vinczeller sold 995 shares of AptarGroup stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total transaction of $151,657.90. Following the transaction, the insider now owns 26,301 shares in the company, valued at approximately $4,008,798.42. This trade represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,709 shares of company stock worth $5,129,410 in the last three months. 0.68% of the stock is owned by corporate 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.