Public Employees Retirement System of Ohio Has $6.28 Million Position in AptarGroup, Inc. (NYSE:ATR)

Public Employees Retirement System of Ohio decreased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,981 shares of the industrial products company's stock after selling 2,504 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of AptarGroup worth $6,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pictet Asset Management Holding SA raised its position in AptarGroup by 13.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company's stock worth $1,494,000 after acquiring an additional 1,146 shares during the last quarter. PNC Financial Services Group Inc. raised its position in AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company's stock worth $1,480,000 after acquiring an additional 127 shares during the last quarter. Congress Asset Management Co. raised its position in AptarGroup by 4.1% during the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company's stock worth $110,490,000 after acquiring an additional 27,614 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of AptarGroup by 288.5% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,934 shares of the industrial products company's stock valued at $775,000 after buying an additional 3,664 shares during the last quarter. Finally, Portfolio Design Labs LLC raised its position in shares of AptarGroup by 147.6% in the fourth quarter. Portfolio Design Labs LLC now owns 5,501 shares of the industrial products company's stock valued at $864,000 after buying an additional 3,279 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Stock Up 0.1%

ATR traded up $0.10 during trading on Friday, hitting $158.43. The company had a trading volume of 335,104 shares, compared to its average volume of 308,116. The company has a market cap of $10.46 billion, a PE ratio of 28.60, a P/E/G ratio of 3.89 and a beta of 0.58. The business has a 50-day moving average of $149.53 and a 200-day moving average of $154.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. The company had revenue of $887.31 million for the quarter, compared to analysts' expectations of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. As a group, analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st were given 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 dividend yield of 1.14%. AptarGroup's dividend payout ratio is currently 32.85%.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 11,329 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $152.39, for a total value of $1,726,426.31. Following the completion of the transaction, the chief executive officer now owns 204,986 shares in the company, valued at $31,237,816.54. This represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Xiangwei Gong sold 7,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the transaction, the insider now owns 10,265 shares of the company's stock, valued at approximately $1,606,369.85. This trade represents a 40.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,709 shares of company stock worth $6,224,840. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

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

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.