Gotham Asset Management LLC Sells 2,454 Shares of AptarGroup, Inc. (NYSE:ATR)

Gotham Asset Management LLC decreased its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,108 shares of the industrial products company's stock after selling 2,454 shares during the quarter. Gotham Asset Management LLC's holdings in AptarGroup were worth $3,316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ATR. Vanguard Group Inc. raised its holdings in AptarGroup by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock worth $1,132,222,000 after acquiring an additional 58,777 shares in the last quarter. FMR LLC raised its stake in shares of AptarGroup by 33.1% during the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock worth $389,854,000 after purchasing an additional 617,365 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of AptarGroup by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company's stock valued at $248,570,000 after buying an additional 40,268 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of AptarGroup by 4.4% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company's stock valued at $189,895,000 after buying an additional 50,651 shares in the last quarter. Finally, Northern Trust Corp raised its position in AptarGroup by 10.7% during the fourth quarter. Northern Trust Corp now owns 1,116,612 shares of the industrial products company's stock worth $175,420,000 after acquiring an additional 108,321 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Price Performance

AptarGroup stock traded up $0.84 during trading hours on Tuesday, reaching $158.92. 73,776 shares of the stock were exchanged, compared to its average volume of 305,073. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The company has a market cap of $10.50 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58. The stock has a 50 day moving average of $147.56 and a two-hundred day moving average of $155.07.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same period in the previous year, the business earned $1.26 earnings per share. The company's revenue was down 3.1% on a year-over-year basis. Equities analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup's payout ratio is 32.85%.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 11,329 shares of AptarGroup stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the transaction, the chief executive officer now directly owns 204,986 shares of the company's stock, valued at approximately $31,237,816.54. The trade was a 5.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hedi Tlili sold 3,614 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the transaction, the insider now owns 9,379 shares in the company, valued at $1,462,748.84. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,709 shares of company stock worth $5,129,410. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company reissued an "overweight" rating and issued a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Robert W. Baird decreased their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. StockNews.com raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Raymond James decreased their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AptarGroup currently has a consensus rating of "Buy" and a consensus target price 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.