Sendero Wealth Management LLC Raises Holdings in AptarGroup, Inc. (NYSE:ATR)

Sendero Wealth Management LLC increased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 67.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,640 shares of the industrial products company's stock after acquiring an additional 1,861 shares during the quarter. Sendero Wealth Management LLC's holdings in AptarGroup were worth $688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of AptarGroup by 155.0% in 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 during the period. Stonebridge Financial Group LLC acquired a new position in shares of AptarGroup in the fourth quarter worth approximately $42,000. Principal Securities Inc. lifted its stake in shares of AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after acquiring an additional 335 shares during the period. Huntington National Bank lifted its stake in shares of AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after acquiring an additional 120 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in AptarGroup in the fourth quarter worth approximately $75,000. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Stock Up 0.5%

Shares of NYSE ATR traded up $0.77 during midday trading on Friday, hitting $153.26. 264,715 shares of the stock traded hands, compared to its average volume of 312,800. The company has a market cap of $10.12 billion, a PE ratio of 27.66, a P/E/G ratio of 3.89 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 business has a 50 day moving average price of $150.08 and a two-hundred day moving average price of $153.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. AptarGroup's revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were issued 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 yield of 1.17%. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

Insider Buying and Selling

In other AptarGroup news, CEO Stephan B. Tanda sold 11,329 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $152.39, for a total value of $1,726,426.31. Following the transaction, the chief executive officer now owns 204,986 shares of the company's stock, valued at approximately $31,237,816.54. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hedi Tlili sold 3,614 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $155.96, for a total value of $563,639.44. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,462,748.84. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over 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.

Analysts Set New Price Targets

ATR has been the subject of a number of research analyst reports. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $170.00 target price (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Raymond James lowered their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup has an average rating of "Buy" and a consensus target price of $178.60.

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.