New Age Alpha Advisors LLC Sells 15,188 Shares of AptarGroup, Inc. (NYSE:ATR)

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of AptarGroup by 155.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after buying an additional 169 shares during the period. Johnson Financial Group Inc. bought a new stake in AptarGroup during the fourth quarter worth approximately $75,000. UMB Bank n.a. raised its holdings in AptarGroup by 116.9% during the first 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 in the last quarter. State of Wyoming bought a new stake in AptarGroup during the fourth quarter worth approximately $97,000. Finally, Menard Financial Group LLC bought a new stake in AptarGroup during the fourth quarter worth approximately $111,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATR has been the topic of several recent analyst reports. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company reissued an "overweight" rating and set a $153.00 target price (down previously from $173.00) on shares of AptarGroup in a report on Monday, August 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $172.00 price target (down previously from $182.00) on shares of AptarGroup in a report on Monday, August 4th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $174.60.

Insider Activity at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $152.62, for a total transaction of $503,646.00. Following the transaction, the insider directly owned 33,963 shares in the company, valued at $5,183,433.06. The trade was a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kimberly Chainey sold 1,671 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total transaction of $255,312.09. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $1,694,135.52. This represents a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,585 shares of company stock valued at $2,418,028. Insiders own 0.68% of the company's stock.

AptarGroup Stock Up 0.3%

NYSE:ATR traded up $0.42 during trading hours on Friday, hitting $140.91. 428,743 shares of the stock traded hands, compared to its average volume of 449,430. The firm has a 50 day moving average price of $153.97 and a 200 day moving average price of $150.97. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.92 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. AptarGroup had a net margin of 10.84% and a return on equity of 15.39%. The company had revenue of $966.01 million for the quarter, compared to the consensus estimate of $954.06 million. During the same period in the previous year, the business earned $1.41 EPS. The company's revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, July 24th. AptarGroup's payout ratio is currently 30.98%.

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.