AptarGroup, Inc. (NYSE:ATR) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 76.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,810 shares of the industrial products company's stock after selling 9,102 shares during the period. Cresset Asset Management LLC's holdings in AptarGroup were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in AptarGroup by 12.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after buying an additional 72 shares during the period. Blue Trust Inc. increased its holdings in AptarGroup by 9.3% in the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock valued at $154,000 after acquiring an additional 82 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of AptarGroup by 9.1% during the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after purchasing an additional 86 shares during the last quarter. Hanson & Doremus Investment Management grew its position in shares of AptarGroup by 0.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company's stock valued at $2,621,000 after purchasing an additional 99 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of AptarGroup by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock worth $2,906,000 after buying an additional 100 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

Wall Street Analyst Weigh In

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

AptarGroup Stock Performance

NYSE ATR traded down $2.47 during trading hours on Wednesday, reaching $156.06. The stock had a trading volume of 18,510 shares, compared to its average volume of 305,726. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The stock has a fifty day moving average of $147.84 and a 200 day moving average of $155.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The stock has a market cap of $10.31 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58.

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

AptarGroup Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, May 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. AptarGroup's dividend payout ratio is presently 32.85%.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 17,771 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total value of $2,687,686.04. Following the sale, the chief executive officer now owns 204,986 shares of the company's stock, valued at $31,002,082.64. The trade was a 7.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Hedi Tlili sold 3,614 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $155.96, for a total value of $563,639.44. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,462,748.84. The trade was a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,709 shares of company stock worth $5,129,410 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

AptarGroup Company 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.