Tounjian Advisory Partners LLC Acquires Shares of 2,512 AptarGroup, Inc. (NYSE:ATR)

Tounjian Advisory Partners LLC acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,512 shares of the industrial products company's stock, valued at approximately $373,000.

Other hedge funds have also recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its position in AptarGroup by 13.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company's stock valued at $1,494,000 after acquiring an additional 1,146 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company's stock valued at $1,480,000 after purchasing an additional 127 shares in the last quarter. Congress Asset Management Co. lifted its holdings in shares of AptarGroup by 4.1% during the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company's stock valued at $110,490,000 after purchasing an additional 27,614 shares during the last quarter. Portfolio Design Labs LLC boosted its position in shares of AptarGroup by 147.6% in the 4th quarter. Portfolio Design Labs LLC now owns 5,501 shares of the industrial products company's stock worth $864,000 after purchasing an additional 3,279 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of AptarGroup by 5.2% in the 4th quarter. Empowered Funds LLC now owns 2,164 shares of the industrial products company's stock worth $340,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

Insider Buying and Selling

In other news, EVP Kimberly Chainey sold 1,671 shares of AptarGroup stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total transaction of $255,312.09. Following the sale, the executive vice president now owns 11,088 shares in the company, valued at $1,694,135.52. This trade represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 17,771 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 204,986 shares in the company, valued at $31,002,082.64. This represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,680 shares of company stock valued at $6,983,798. Company insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATR. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Raymond James reduced their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AptarGroup currently has a consensus rating of "Buy" and a consensus price target of $178.60.

AptarGroup Stock Performance

NYSE:ATR traded up $0.68 during mid-day trading on Wednesday, reaching $153.21. The company's stock had a trading volume of 51,770 shares, compared to its average volume of 312,877. 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 firm's fifty day moving average price is $150.17 and its two-hundred day moving average price is $153.41. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03. The stock has a market cap of $10.12 billion, a P/E ratio of 27.72, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (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 company had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. During the same period in the previous year, the business posted $1.26 earnings per share. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is 32.85%.

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.