AptarGroup, Inc. (NYSE:ATR) Stock Position Raised by Hemenway Trust Co LLC

Hemenway Trust Co LLC lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,954 shares of the industrial products company's stock after acquiring an additional 10,552 shares during the quarter. AptarGroup accounts for 3.0% of Hemenway Trust Co LLC's portfolio, making the stock its 14th largest holding. Hemenway Trust Co LLC owned 0.37% of AptarGroup worth $36,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of AptarGroup by 155.0% during the 1st 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. boosted its stake in shares of AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after acquiring an additional 335 shares in the last quarter. Huntington National Bank boosted 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 acquiring an additional 120 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of AptarGroup during the 4th quarter worth $75,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of AptarGroup by 310.4% during the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock worth $93,000 after acquiring an additional 447 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Shiela Vinczeller sold 995 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total transaction of $151,657.90. Following the completion of the sale, the insider now directly owns 26,301 shares in the company, valued at approximately $4,008,798.42. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $152.62, for a total value of $503,646.00. Following the sale, the insider now owns 33,963 shares of the company's stock, valued at approximately $5,183,433.06. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,680 shares of company stock worth $6,983,798. Corporate insiders own 0.68% of the company's stock.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $149.41 on Wednesday. The stock has a market cap of $9.87 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59. The business has a fifty day simple moving average of $151.52 and a 200-day simple moving average of $152.72. 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, Inc. has a 12 month low of $130.85 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to analysts' expectations of $894.26 million. AptarGroup had a return on equity of 15.10% and a net margin of 10.41%. AptarGroup's revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 EPS 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 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 1.20%. AptarGroup's dividend payout ratio is 32.85%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ATR shares. Wells Fargo & Company reissued an "overweight" rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. Raymond James Financial decreased their target price 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 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $178.60.

About AptarGroup

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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