Consolidated Planning Corp Invests $1.08 Million in AptarGroup, Inc. (NYSE:ATR)

Consolidated Planning Corp bought a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,245 shares of the industrial products company's stock, valued at approximately $1,075,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its stake in shares of AptarGroup by 12.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock worth $102,000 after acquiring an additional 72 shares during the period. Bessemer Group Inc. lifted its holdings in AptarGroup by 9.1% during the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock worth $162,000 after purchasing an additional 86 shares during the last quarter. Utah Retirement Systems lifted its holdings in 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 purchasing an additional 100 shares during the last quarter. Nia Impact Advisors LLC lifted its holdings in AptarGroup by 1.0% during the 4th quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company's stock worth $1,522,000 after purchasing an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in AptarGroup by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,079 shares of the industrial products company's stock worth $327,000 after purchasing an additional 102 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AptarGroup news, EVP Kimberly Chainey sold 1,671 shares of the stock in a transaction dated 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 directly owns 11,088 shares in the company, valued at approximately $1,694,135.52. This trade represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephan B. Tanda sold 17,771 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 204,986 shares in the company, valued at $31,002,082.64. The trade was a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,680 shares of company stock valued at $6,983,798 in the last 90 days. Corporate insiders own 0.68% of the company's stock.

AptarGroup Price Performance

Shares of NYSE ATR opened at $150.14 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.85. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The stock has a market capitalization of $9.92 billion, a PE ratio of 27.40, a P/E/G ratio of 3.09 and a beta of 0.59. The business has a fifty day moving average price of $152.04 and a two-hundred day moving average price of $152.09.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. AptarGroup had a return on equity of 15.10% and a net margin of 10.41%. The company had revenue of $887.31 million during the quarter, compared to analysts' expectations of $894.26 million. During the same quarter in the previous year, the firm earned $1.26 EPS. AptarGroup's revenue was down 3.1% on a year-over-year basis. As a group, equities analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently declared 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 (DPR) is currently 32.85%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ATR. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial dropped their price objective on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $170.00 price objective (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. 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 an average target price of $178.60.

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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