AptarGroup, Inc. (NYSE:ATR) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 412.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,260 shares of the industrial products company's stock after purchasing an additional 15,501 shares during the quarter. Mackenzie Financial Corp's holdings in AptarGroup were worth $3,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in AptarGroup during the 4th quarter worth approximately $42,000. Principal Securities Inc. grew its stake in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after buying an additional 335 shares during the period. Huntington National Bank increased its position in shares of AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after acquiring an additional 120 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of AptarGroup in the fourth quarter worth $75,000. Finally, Jones Financial Companies Lllp raised its stake in shares of AptarGroup by 310.4% in the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock valued at $93,000 after acquiring an additional 447 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AptarGroup

In related news, CEO Stephan B. Tanda sold 17,771 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 204,986 shares in the company, valued at $31,002,082.64. This trade represents a 7.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shiela Vinczeller sold 995 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total value of $151,657.90. Following the transaction, the insider now directly owns 26,301 shares in the company, valued at $4,008,798.42. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,709 shares of company stock valued at $6,224,840 in the last quarter. Insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATR. Wells Fargo & Company reaffirmed an "overweight" rating and set a $170.00 price target (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Raymond James lowered their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. One 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. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $178.60.

AptarGroup Stock Down 0.2%

ATR stock traded down $0.38 during trading on Tuesday, reaching $156.53. The stock had a trading volume of 397,776 shares, compared to its average volume of 308,809. The company has a market capitalization of $10.34 billion, a P/E ratio of 28.25, a PEG ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. 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 has a fifty day moving average price of $149.84 and a 200 day moving average price of $153.99.

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

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.15%. AptarGroup's 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.