Quilter Plc Sells 3,344 Shares of AptarGroup, Inc. (NYSE:ATR)

Quilter Plc lowered its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 71.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,352 shares of the industrial products company's stock after selling 3,344 shares during the quarter. Quilter Plc's holdings in AptarGroup were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased 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 acquiring an additional 169 shares in the last quarter. Principal Securities Inc. increased its position in shares of AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 335 shares during the last quarter. Huntington National Bank increased its stake in shares of AptarGroup by 35.1% during the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after purchasing an additional 120 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in AptarGroup in the fourth quarter worth $75,000. Finally, UMB Bank n.a. raised its stake in shares of AptarGroup by 116.9% in the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock valued at $89,000 after buying an additional 325 shares during the period. Institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

Shares of ATR stock traded up $0.52 on Monday, reaching $156.34. The company's stock had a trading volume of 313,614 shares, compared to its average volume of 321,696. The company has a market capitalization of $10.32 billion, a P/E ratio of 28.53, a PEG ratio of 3.20 and a beta of 0.59. The stock's 50 day simple moving average is $153.02 and its 200-day simple moving average is $151.64. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $200.00. 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 (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $894.26 million. During the same period last year, the firm earned $1.26 earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 1st. AptarGroup's dividend payout ratio is 32.85%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $170.00 price objective (up from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. Raymond James Financial reduced their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $178.60.

Insider Transactions at AptarGroup

In other news, EVP Kimberly Chainey sold 1,671 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the completion of the transaction, the executive vice president now owns 11,088 shares in the company, valued at $1,694,135.52. The trade was a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $152.62, for a total value of $503,646.00. Following the sale, the insider now directly owns 33,963 shares in the company, valued at $5,183,433.06. This trade represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,680 shares of company stock valued at $6,983,798 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

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.