AE Wealth Management LLC Grows Stock Position in AptarGroup, Inc. (NYSE:ATR)

AE Wealth Management LLC lifted its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,702 shares of the industrial products company's stock after acquiring an additional 24,047 shares during the quarter. AE Wealth Management LLC owned approximately 0.28% of AptarGroup worth $27,109,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Burney Co. purchased a new position in shares of AptarGroup during the first quarter worth approximately $247,000. KLP Kapitalforvaltning AS grew its holdings in shares of AptarGroup by 2.5% in the first quarter. KLP Kapitalforvaltning AS now owns 16,400 shares of the industrial products company's stock worth $2,433,000 after purchasing an additional 400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of AptarGroup in the first quarter worth approximately $4,835,000. Allianz Asset Management GmbH grew its holdings in shares of AptarGroup by 24.2% in the first quarter. Allianz Asset Management GmbH now owns 4,404 shares of the industrial products company's stock worth $653,000 after purchasing an additional 858 shares during the last quarter. Finally, South Dakota Investment Council grew its holdings in shares of AptarGroup by 2.3% in the first quarter. South Dakota Investment Council now owns 13,393 shares of the industrial products company's stock worth $1,987,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

Insider Buying and Selling

In related news, insider Gael Touya sold 3,300 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $152.62, for a total value of $503,646.00. Following the transaction, the insider owned 33,963 shares in the company, valued at $5,183,433.06. The trade was a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hedi Tlili sold 3,614 shares of the company's stock in a transaction dated 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 owned 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 have sold a total of 45,680 shares of company stock worth $6,983,798 over the last quarter. 0.68% of the stock is owned by insiders.

AptarGroup Stock Down 0.5%

Shares of ATR stock traded down $0.88 during mid-day trading on Friday, reaching $160.94. 296,252 shares of the company's stock traded hands, compared to its average volume of 318,018. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The company has a market cap of $10.63 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.22 and a beta of 0.57. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The company's 50-day moving average price is $156.02 and its 200-day moving average price is $151.59.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The firm had revenue of $887.31 million for the quarter, compared to analysts' expectations of $894.26 million. During the same quarter in the previous year, the business posted $1.26 EPS. The company's quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 24th. AptarGroup's payout ratio is 32.85%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ATR. Wells Fargo & Company lifted their price target on shares of AptarGroup from $170.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Raymond James Financial lifted their price target on shares of AptarGroup from $175.00 to $182.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research 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 MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $180.60.

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.