Broderick Brian C Acquires 2,515 Shares of AptarGroup, Inc. (NYSE:ATR)

Broderick Brian C grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 88,662 shares of the industrial products company's stock after acquiring an additional 2,515 shares during the period. AptarGroup comprises 2.7% of Broderick Brian C's holdings, making the stock its 15th largest holding. Broderick Brian C owned about 0.13% of AptarGroup worth $13,156,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of AptarGroup by 155.0% in 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. grew its stake in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after purchasing an additional 335 shares during the period. Huntington National Bank increased its holdings in 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 purchasing an additional 120 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in AptarGroup in the fourth quarter worth approximately $75,000. Finally, Jones Financial Companies Lllp lifted its stake in AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock valued at $93,000 after buying an additional 447 shares during the period. Institutional investors own 88.52% of the company's stock.

Insider Transactions at AptarGroup

In other news, EVP Kimberly Chainey sold 1,671 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the completion of the transaction, the executive vice president now owns 11,088 shares in the company, valued at $1,694,135.52. This trade represents a 13.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 17,771 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total transaction of $2,687,686.04. Following the completion of the sale, the chief executive officer now directly owns 204,986 shares in the company, valued at $31,002,082.64. This represents a 7.98% 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. Company insiders own 0.68% of the company's stock.

AptarGroup Stock Down 1.5%

Shares of NYSE ATR opened at $149.41 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average of $151.52 and a 200-day moving average of $152.72. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.12 and a beta of 0.59. 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 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. The firm had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a return on equity of 15.10% and a net margin of 10.41%. The company's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Sell-side analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.20%. AptarGroup's dividend payout ratio is currently 32.85%.

Analysts Set New Price Targets

Several brokerages have recently commented on ATR. Raymond James Financial reduced their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $170.00 target price (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.

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