Congress Asset Management Co. Sells 116,870 Shares of AptarGroup, Inc. (NYSE:ATR)

Congress Asset Management Co. decreased its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 586,438 shares of the industrial products company's stock after selling 116,870 shares during the quarter. Congress Asset Management Co. owned 0.89% of AptarGroup worth $87,016,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Portside Wealth Group LLC bought a new position in shares of AptarGroup during the 1st quarter worth about $319,000. Sendero Wealth Management LLC lifted its holdings in shares of AptarGroup by 67.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,640 shares of the industrial products company's stock worth $688,000 after acquiring an additional 1,861 shares during the period. Bridge Creek Capital Management LLC lifted its holdings in shares of AptarGroup by 1.7% during the 1st quarter. Bridge Creek Capital Management LLC now owns 26,058 shares of the industrial products company's stock worth $3,866,000 after acquiring an additional 445 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in shares of AptarGroup by 15.5% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 6,311 shares of the industrial products company's stock worth $936,000 after acquiring an additional 847 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of AptarGroup by 4.0% during the 1st quarter. Rhumbline Advisers now owns 205,398 shares of the industrial products company's stock worth $30,477,000 after acquiring an additional 7,848 shares during the period. Institutional investors own 88.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ATR. Wells Fargo & Company reaffirmed an "overweight" rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Robert W. Baird reduced their price objective on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Raymond James reduced their price objective on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AptarGroup currently has an average rating of "Buy" and an average price target of $178.60.

AptarGroup Price Performance

Shares of NYSE ATR traded up $0.77 during midday trading on Friday, reaching $153.26. 264,715 shares of the company were exchanged, compared to its average volume of 312,800. The stock's 50-day moving average price is $150.08 and its 200-day moving average price is $153.67. The stock has a market cap of $10.12 billion, a P/E ratio of 27.66, a PEG ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The business had revenue of $887.31 million for 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%. The business's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were issued 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 dividend yield of 1.17%. AptarGroup's dividend payout ratio (DPR) is presently 32.85%.

Insider Buying and Selling

In other news, insider Xiangwei Gong sold 7,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the completion of the transaction, the insider now directly owns 10,265 shares in the company, valued at $1,606,369.85. The trade was a 40.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hedi Tlili sold 3,614 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the transaction, the insider now owns 9,379 shares of the company's stock, valued at $1,462,748.84. This trade represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,709 shares of company stock valued at $6,224,840. 0.68% of the stock is owned by company insiders.

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.