Bank of New York Mellon Corp Sells 33,533 Shares of AptarGroup, Inc. (NYSE:ATR)

Bank of New York Mellon Corp decreased its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 608,945 shares of the industrial products company's stock after selling 33,533 shares during the period. Bank of New York Mellon Corp owned 0.92% of AptarGroup worth $90,355,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in AptarGroup by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after purchasing an additional 86 shares during the last quarter. Utah Retirement Systems boosted its position in AptarGroup by 0.9% during the fourth quarter. Utah Retirement Systems now owns 10,981 shares of the industrial products company's stock valued at $1,725,000 after purchasing an additional 100 shares during the last quarter. Nia Impact Advisors LLC boosted its position in AptarGroup by 1.0% during the fourth quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company's stock valued at $1,522,000 after purchasing an additional 100 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in AptarGroup by 1.3% during the first quarter. Koshinski Asset Management Inc. now owns 7,818 shares of the industrial products company's stock valued at $1,160,000 after buying an additional 104 shares in the last quarter. Finally, Huntington National Bank raised 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 valued at $73,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ATR shares. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company restated an "overweight" rating and set a $170.00 target price (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Finally, Raymond James Financial dropped their price objective on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One equities 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. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $178.60.

AptarGroup Stock Performance

Shares of AptarGroup stock traded down $0.22 during trading on Monday, reaching $157.68. The company's stock had a trading volume of 276,578 shares, compared to its average volume of 363,469. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.25. The business's fifty day moving average price is $155.16 and its 200-day moving average price is $151.38. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly 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 return on equity of 15.10% and a net margin of 10.41%. The firm had revenue of $887.31 million for the quarter, compared to analyst estimates of $894.26 million. During the same period in the previous year, the company posted $1.26 earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

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 dividend of $0.45 per share. The ex-dividend date is Thursday, July 24th. This represents a $1.80 annualized dividend and a yield of 1.14%. AptarGroup's dividend payout ratio is 32.85%.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 17,771 shares of AptarGroup stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total transaction of $2,687,686.04. Following the sale, the chief executive officer directly owned 204,986 shares of the company's stock, valued at approximately $31,002,082.64. The trade was a 7.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Xiangwei Gong sold 7,000 shares of AptarGroup stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total value of $1,095,430.00. Following the sale, the insider directly owned 10,265 shares in the company, valued at $1,606,369.85. The trade was a 40.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,680 shares of company stock valued at $6,983,798. Corporate insiders own 0.68% of the company's stock.

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.