Tounjian Advisory Partners LLC Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Tounjian Advisory Partners LLC bought a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,512 shares of the industrial products company's stock, valued at approximately $373,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in AptarGroup by 155.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after purchasing an additional 169 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of AptarGroup in the fourth quarter valued at approximately $42,000. Principal Securities Inc. boosted its position in shares of AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after buying an additional 335 shares during the last quarter. Huntington National Bank grew its holdings in AptarGroup by 35.1% during the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after buying an additional 120 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in AptarGroup during the fourth quarter worth $75,000. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Stock Down 2.2%

ATR traded down $3.43 during mid-day trading on Friday, reaching $150.92. 361,176 shares of the stock were exchanged, compared to its average volume of 315,804. 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 capitalization of $9.97 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a 50 day moving average price of $150.80 and a two-hundred day moving average price of $153.28. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03.

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

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ATR shares. 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 report on Tuesday, April 22nd. Wells Fargo & Company reaffirmed 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. Finally, Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AptarGroup presently has an average rating of "Buy" and an average target price of $178.60.

Insider Buying and Selling

In other AptarGroup news, insider Xiangwei Gong sold 7,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the completion of the transaction, the insider now owns 10,265 shares in the company, valued at $1,606,369.85. This trade represents a 40.54% 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, CEO Stephan B. Tanda sold 11,329 shares of the 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 owns 204,986 shares of the company's stock, valued at $31,237,816.54. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,680 shares of company stock valued at $6,983,798. 0.68% of the stock is owned by insiders.

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.