AptarGroup, Inc. (NYSE:ATR) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has reduced its stake in AptarGroup by 30%, now holding approximately 0.05% of the company worth $5.26 million.
• AptarGroup's latest quarterly earnings showed an increase in revenue of 6.1% year-over-year, with earnings per share beating analysts' expectations by $0.08.
• The company has announced a quarterly dividend of $0.45, which will be paid to shareholders on August 14th, reflecting a yield of 1.3%.

New Age Alpha Advisors LLC lessened its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,460 shares of the industrial products company's stock after selling 15,188 shares during the quarter. New Age Alpha Advisors LLC owned 0.05% of AptarGroup worth $5,262,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ATR. Argent Trust Co increased its holdings in AptarGroup by 29.6% during the 1st quarter. Argent Trust Co now owns 2,835 shares of the industrial products company's stock valued at $421,000 after acquiring an additional 648 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in AptarGroup by 3.2% during the 1st quarter. Jupiter Asset Management Ltd. now owns 150,533 shares of the industrial products company's stock valued at $22,336,000 after acquiring an additional 4,609 shares in the last quarter. Natixis Advisors LLC increased its holdings in AptarGroup by 7.0% during the 1st quarter. Natixis Advisors LLC now owns 129,527 shares of the industrial products company's stock valued at $19,219,000 after acquiring an additional 8,432 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in AptarGroup during the 1st quarter valued at about $216,000. Finally, XTX Topco Ltd increased its holdings in AptarGroup by 27.1% during the 1st quarter. XTX Topco Ltd now owns 6,755 shares of the industrial products company's stock valued at $1,002,000 after acquiring an additional 1,442 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Analyst Ratings Changes

ATR has been the subject of several recent research reports. Raymond James Financial restated an "outperform" rating and set a $172.00 target price (down from $182.00) on shares of AptarGroup in a report on Monday. Wells Fargo & Company reiterated an "overweight" rating and set a $153.00 price target (down from $173.00) on shares of AptarGroup in a report on Monday. Finally, Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One investment 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $174.60.

AptarGroup Trading Up 0.3%

Shares of NYSE ATR traded up $0.42 during midday trading on Friday, reaching $140.91. 428,743 shares of the stock were exchanged, compared to its average volume of 449,430. The company has a market capitalization of $9.28 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.91 and a beta of 0.57. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $153.97 and a 200-day moving average price of $151.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. AptarGroup had a net margin of 10.84% and a return on equity of 15.39%. The business had revenue of $966.01 million during the quarter, compared to the consensus estimate of $954.06 million. During the same period in the previous year, the firm posted $1.41 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect 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 given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. AptarGroup's dividend payout ratio (DPR) is currently 30.98%.

Insider Activity at AptarGroup

In related news, insider Hedi Tlili sold 3,614 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $155.96, for a total value of $563,639.44. Following the sale, the insider directly owned 9,379 shares of the company's stock, valued at approximately $1,462,748.84. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Xiangwei Gong sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the completion of the sale, the insider directly owned 10,265 shares in the company, valued at $1,606,369.85. This represents a 40.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,585 shares of company stock valued at $2,418,028 over the last three months. Insiders own 0.68% of the company's stock.

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.