Sendero Wealth Management LLC Grows Position in AptarGroup, Inc. (NYSE:ATR)

Sendero Wealth Management LLC lifted its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 67.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,640 shares of the industrial products company's stock after purchasing an additional 1,861 shares during the period. Sendero Wealth Management LLC's holdings in AptarGroup were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ATR. Bridge Creek Capital Management LLC grew its position in shares of AptarGroup by 1.7% during the 1st quarter. Bridge Creek Capital Management LLC now owns 26,058 shares of the industrial products company's stock worth $3,866,000 after buying an additional 445 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in AptarGroup by 15.5% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 6,311 shares of the industrial products company's stock worth $936,000 after acquiring an additional 847 shares during the last quarter. Rhumbline Advisers boosted its stake in AptarGroup by 4.0% during the 1st quarter. Rhumbline Advisers now owns 205,398 shares of the industrial products company's stock worth $30,477,000 after acquiring an additional 7,848 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $300,970,000 after purchasing an additional 201,833 shares during the period. Finally, Versant Capital Management Inc increased its stake in AptarGroup by 145.5% in the first quarter. Versant Capital Management Inc now owns 1,009 shares of the industrial products company's stock valued at $150,000 after purchasing an additional 598 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Price Performance

Shares of ATR traded up $1.99 during trading hours on Thursday, reaching $152.40. The stock had a trading volume of 482,377 shares, compared to its average volume of 311,667. The stock has a market capitalization of $10.06 billion, a PE ratio of 27.51, a PEG ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The company's 50-day moving average is $149.92 and its two-hundred day moving average is $153.97.

AptarGroup (NYSE:ATR - Get Free Report) last announced 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. The business had revenue of $887.31 million for the quarter, compared to analysts' expectations of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The firm's revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. AptarGroup's dividend payout ratio (DPR) is presently 32.85%.

Analyst Ratings Changes

ATR has been the topic of several recent analyst reports. Raymond James cut their price objective on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company reiterated an "overweight" rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Robert W. Baird lowered 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. Finally, Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AptarGroup presently has an average rating of "Buy" and an average price target of $178.60.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Hedi Tlili sold 3,614 shares of AptarGroup stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $155.96, for a total transaction of $563,639.44. Following the transaction, the insider now owns 9,379 shares of the company's stock, valued at $1,462,748.84. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Xiangwei Gong sold 7,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 10,265 shares of the company's stock, valued at $1,606,369.85. This trade represents a 40.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,709 shares of company stock worth $6,224,840. 0.68% of the stock is 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.