Congress Asset Management Co. Has $87.02 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Congress Asset Management Co. lowered its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,438 shares of the industrial products company's stock after selling 116,870 shares during the period. Congress Asset Management Co. owned about 0.89% of AptarGroup worth $87,016,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of AptarGroup by 12.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after buying an additional 72 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of AptarGroup by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock worth $162,000 after buying an additional 86 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of AptarGroup by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock worth $2,906,000 after buying an additional 100 shares during the period. Utah Retirement Systems lifted its position in shares of AptarGroup by 0.9% during the 4th quarter. Utah Retirement Systems now owns 10,981 shares of the industrial products company's stock worth $1,725,000 after buying an additional 100 shares during the period. Finally, Nia Impact Advisors LLC boosted its stake in AptarGroup by 1.0% in the 4th quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company's stock valued at $1,522,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Price Performance

Shares of AptarGroup stock traded up $0.91 during trading on Tuesday, reaching $152.51. The company's stock had a trading volume of 322,831 shares, compared to its average volume of 313,894. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The stock has a 50-day moving average price of $150.10 and a two-hundred day moving average price of $153.42. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $10.07 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share 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 analysts' expectations of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. AptarGroup's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. As a group, 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 given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. AptarGroup's payout ratio is 32.85%.

Insider Buying and Selling

In other AptarGroup news, insider Xiangwei Gong sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total value of $1,095,430.00. Following the transaction, the insider now directly owns 10,265 shares of the company's stock, valued at approximately $1,606,369.85. This trade represents a 40.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shiela Vinczeller sold 995 shares of AptarGroup 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 sale, the insider now directly owns 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. Insiders sold a total of 45,680 shares of company stock worth $6,983,798 over the last three months. 0.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATR. Robert W. Baird cut their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Raymond James dropped their target price on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company reaffirmed 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. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average 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.