Bridges Investment Management Inc. Acquires 1,755 Shares of AptarGroup, Inc. (NYSE:ATR)

Bridges Investment Management Inc. lifted its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 0.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,473 shares of the industrial products company's stock after acquiring an additional 1,755 shares during the quarter. Bridges Investment Management Inc. owned approximately 0.32% of AptarGroup worth $31,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted 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 during the last quarter. Huntington National Bank lifted its holdings in AptarGroup by 35.1% during the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after purchasing an additional 120 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in AptarGroup during the 4th quarter worth approximately $75,000. UMB Bank n.a. lifted its holdings in AptarGroup by 116.9% during the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock worth $89,000 after purchasing an additional 325 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in AptarGroup by 310.4% during the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock worth $93,000 after purchasing an additional 447 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ATR. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial dropped their price objective 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 objective (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. One research 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's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $178.60.

Insider Activity at AptarGroup

In other AptarGroup news, insider Xiangwei Gong sold 7,000 shares of AptarGroup stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total value of $1,095,430.00. Following the transaction, the insider directly owned 10,265 shares of the company's stock, valued at $1,606,369.85. The trade was a 40.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $152.62, for a total value of $503,646.00. Following the completion of the transaction, the insider directly owned 33,963 shares in the company, valued at $5,183,433.06. This trade represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,680 shares of company stock worth $6,983,798 in the last quarter. 0.68% of the stock is owned by company insiders.

AptarGroup Stock Performance

NYSE ATR traded up $0.08 on Thursday, hitting $159.81. 149,097 shares of the stock traded hands, compared to its average volume of 363,698. The business's fifty day moving average is $154.63 and its two-hundred day moving average is $151.44. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 3.29 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.25.

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

AptarGroup Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. AptarGroup's dividend payout ratio 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.