AptarGroup, Inc. (NYSE:ATR) Shares Sold by Quilter Plc

Quilter Plc lowered its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 71.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of AptarGroup in the 4th quarter worth about $116,265,000. FMR LLC raised its holdings in AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock valued at $389,854,000 after buying an additional 617,365 shares during the period. Bank of America Corp DE lifted its position in AptarGroup by 297.2% during the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock valued at $74,312,000 after buying an additional 353,935 shares in the last quarter. GAMMA Investing LLC grew its stake in AptarGroup by 20,143.0% during 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 during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in AptarGroup during the fourth quarter worth approximately $22,925,000. Hedge funds and other institutional investors own 88.52% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Raymond James Financial decreased their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $170.00 target price (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $178.60.

AptarGroup Trading Up 0.5%

NYSE:ATR opened at $154.73 on Friday. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 3.16 and a beta of 0.59. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.25. The business's 50-day simple moving average is $152.78 and its 200 day simple moving average is $151.89.

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

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 1st. AptarGroup's dividend payout ratio is currently 32.85%.

Insider Buying and Selling at AptarGroup

In other news, CEO Stephan B. Tanda sold 11,329 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the completion of the transaction, the chief executive officer now directly owns 204,986 shares of the company's stock, valued at approximately $31,237,816.54. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shiela Vinczeller sold 995 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total value of $151,657.90. Following the sale, the insider now owns 26,301 shares in the company, valued at $4,008,798.42. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,680 shares of company stock worth $6,983,798 over the last quarter. 0.68% of the stock is owned by corporate insiders.

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.

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