Aviso Financial Inc. Buys 2,980 Shares of AptarGroup, Inc. $ATR

Key Points

• Aviso Financial Inc. increased its stake in AptarGroup, Inc. by 26.4%, acquiring an additional 2,980 shares, bringing its total holdings to 14,247 shares, valued at approximately $2,114,000.
• AptarGroup has seen other institutional investors, such as Stifel Financial Corp and UMB Bank, significantly raise their positions, indicating heightened interest in the company.
• The company reported a quarterly earnings per share of $1.66, exceeding analysts' expectations, with a revenue of $966.01 million, which was a 6.1% increase from the same quarter last year.

Aviso Financial Inc. grew its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,247 shares of the industrial products company's stock after buying an additional 2,980 shares during the quarter. Aviso Financial Inc.'s holdings in AptarGroup were worth $2,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stifel Financial Corp raised its position in shares of AptarGroup by 172.7% during the 4th quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company's stock valued at $1,880,000 after buying an additional 7,575 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of AptarGroup by 18.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the industrial products company's stock valued at $335,000 after buying an additional 348 shares in the last quarter. UMB Bank n.a. raised its position in shares of AptarGroup by 116.9% during the 1st 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 in the last quarter. Fifth Third Bancorp raised its position in shares of AptarGroup by 18.0% during the 1st quarter. Fifth Third Bancorp now owns 2,837 shares of the industrial products company's stock valued at $421,000 after buying an additional 433 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of AptarGroup by 10.4% during the 1st quarter. LPL Financial LLC now owns 47,234 shares of the industrial products company's stock valued at $6,794,000 after buying an additional 4,451 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Insider Activity

In other news, EVP Kimberly Chainey sold 1,671 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the completion of the sale, the executive vice president owned 11,088 shares of the company's stock, valued at approximately $1,694,135.52. This represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction that occurred 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 directly owned 33,963 shares of the company's stock, valued at approximately $5,183,433.06. This trade represents a 8.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,971 shares of company stock valued at $1,854,388. 0.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company reiterated an "overweight" rating and set a $153.00 price target (down from $173.00) on shares of AptarGroup in a research report on Monday, August 4th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $172.00 price target (down from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $174.60.

AptarGroup Stock Up 0.3%

Shares of NYSE ATR opened at $138.80 on Monday. 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 0.20, a current ratio of 1.21 and a quick ratio of 0.83. The firm's 50 day simple moving average is $152.54 and its two-hundred day simple moving average is $150.27. The stock has a market capitalization of $9.14 billion, a P/E ratio of 23.89, a PEG ratio of 2.87 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. The firm had revenue of $966.01 million during the quarter, compared to analyst estimates of $954.06 million. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 earnings per share. As a group, analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, July 24th. AptarGroup's dividend payout ratio is 30.98%.

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.

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