2,030 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by Portside Wealth Group LLC

Portside Wealth Group LLC acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,030 shares of the industrial products company's stock, valued at approximately $319,000.

A number of other hedge funds have also recently made changes to their positions in ATR. Norges Bank purchased a new stake in shares of AptarGroup during the 4th quarter worth $116,265,000. FMR LLC raised its stake 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 buying an additional 617,365 shares during the last quarter. Bank of America Corp DE raised its stake in AptarGroup by 297.2% in the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock valued at $74,312,000 after buying an additional 353,935 shares during the last quarter. GAMMA Investing LLC raised its stake in AptarGroup by 20,143.0% in the first quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company's stock valued at $300,970,000 after buying an additional 201,833 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in AptarGroup in the fourth quarter valued at about $22,925,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ATR shares. Raymond James decreased their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird decreased their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company restated 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. Finally, Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. 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. Based on data from MarketBeat.com, AptarGroup has an average rating of "Buy" and a consensus price target of $178.60.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 17,771 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total transaction of $2,687,686.04. Following the sale, the chief executive officer now directly owns 204,986 shares of the company's stock, valued at $31,002,082.64. This trade represents a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Xiangwei Gong sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total value of $1,095,430.00. Following the completion of the sale, the insider now directly owns 10,265 shares in the company, valued at approximately $1,606,369.85. The trade was a 40.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,709 shares of company stock valued at $6,224,840 over the last ninety days. Company insiders own 0.68% of the company's stock.

AptarGroup Trading Up 1.3%

Shares of NYSE:ATR opened at $152.40 on Friday. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The business has a 50-day moving average price of $149.92 and a 200-day moving average price of $153.97. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.20 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 return on equity of 15.56% and a net margin of 10.45%. AptarGroup's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Equities analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is 32.85%.

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.

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