Burney Co. Makes New $247,000 Investment in AptarGroup, Inc. (NYSE:ATR)

Key Points

• Burney Co. has made a new investment of $247,000 in AptarGroup, Inc., purchasing 1,668 shares, as reported in its recent Form 13F filing.
• AptarGroup reported earnings of $1.20 per share, which exceeded analyst expectations, but experienced a 3.1% decline in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.45, set to be distributed on August 14th, yielding an annualized rate of 1.12%.

Burney Co. purchased a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,668 shares of the industrial products company's stock, valued at approximately $247,000.

Several other large investors also recently made changes to their positions in ATR. Pictet Asset Management Holding SA boosted its holdings in AptarGroup by 13.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company's stock worth $1,494,000 after buying an additional 1,146 shares in the last quarter. Stifel Financial Corp lifted 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 acquiring an additional 7,575 shares during the last quarter. UMB Bank n.a. boosted its stake 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 worth $89,000 after acquiring an additional 325 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of AptarGroup by 10.3% in the 4th quarter. Bank of Montreal Can now owns 11,819 shares of the industrial products company's stock worth $1,857,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Curi RMB Capital LLC grew its holdings in shares of AptarGroup by 16.5% in the 4th quarter. Curi RMB Capital LLC now owns 119,687 shares of the industrial products company's stock worth $18,803,000 after acquiring an additional 16,949 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

AptarGroup Stock Performance

ATR stock opened at $160.94 on Friday. The firm has a 50 day moving average of $156.02 and a two-hundred day moving average of $151.58. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 3.20 and a beta of 0.57. 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 (NYSE:ATR - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.04. The company had revenue of $887.31 million for 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 business's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be issued a $0.45 dividend. The ex-dividend date is Thursday, July 24th. This represents a $1.80 annualized dividend and a yield of 1.12%. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

Wall Street Analyst Weigh In

ATR has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on AptarGroup from $170.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Raymond James Financial boosted their price target on shares of AptarGroup from $175.00 to $182.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $180.60.

Insider Activity

In other news, insider Hedi Tlili sold 3,614 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $155.96, for a total value of $563,639.44. Following the sale, the insider directly owned 9,379 shares of the company's stock, valued at approximately $1,462,748.84. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shiela Vinczeller sold 995 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total value of $151,657.90. Following the transaction, the insider directly owned 26,301 shares of the company's stock, valued at $4,008,798.42. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,680 shares of company stock valued at $6,983,798. Insiders own 0.68% of the company's stock.

AptarGroup Company 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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