Bank of New York Mellon Corp Lowers Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

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

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of AptarGroup in the 4th quarter worth $116,265,000. FMR LLC increased its position in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock worth $389,854,000 after acquiring an additional 617,365 shares during the period. Bank of America Corp DE lifted its stake in AptarGroup by 297.2% in the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock worth $74,312,000 after acquiring an additional 353,935 shares during the period. GAMMA Investing LLC raised its stake in AptarGroup by 20,143.0% in the first quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company's stock worth $300,970,000 after buying an additional 201,833 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of AptarGroup during the 4th quarter worth $22,925,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATR has been the topic of a number of recent analyst reports. Raymond James Financial reduced their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $170.00 target price (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, AptarGroup currently has an average rating of "Buy" and an average target price of $178.60.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 17,771 shares of the stock in a transaction dated 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 owned 204,986 shares of the company's stock, valued at $31,002,082.64. This trade represents a 7.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hedi Tlili sold 3,614 shares of AptarGroup stock in a transaction that occurred on 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 of the company's stock, valued at $1,462,748.84. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,680 shares of company stock worth $6,983,798 in the last quarter. Insiders own 0.68% of the company's stock.

AptarGroup Price Performance

Shares of AptarGroup stock traded down $0.46 during trading hours on Friday, reaching $157.87. 292,046 shares of the company's stock were exchanged, compared to its average volume of 324,255. The company has a market capitalization of $10.43 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 3.15 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. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The business has a fifty day moving average of $155.16 and a two-hundred day moving average of $151.49.

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

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $1.80 annualized dividend and a yield of 1.14%. AptarGroup's dividend payout ratio (DPR) is presently 32.85%.

AptarGroup 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.