Consolidated Planning Corp Buys Shares of 7,245 AptarGroup, Inc. (NYSE:ATR)

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

Several other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock valued at $41,000 after buying an additional 169 shares during the period. 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 buying an additional 335 shares during the period. Huntington National Bank increased its position in shares of 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 acquiring an additional 120 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of AptarGroup in the 4th quarter valued at $75,000. Finally, UMB Bank n.a. raised its stake in shares of AptarGroup by 116.9% in the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock valued at $89,000 after acquiring an additional 325 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In other news, insider Xiangwei Gong sold 7,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 10,265 shares in the company, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephan B. Tanda sold 17,771 shares of AptarGroup stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total value of $2,687,686.04. Following the completion of the transaction, the chief executive officer now owns 204,986 shares of the company's stock, valued at $31,002,082.64. This trade represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,680 shares of company stock valued at $6,983,798. 0.68% of the stock is currently owned by corporate insiders.

AptarGroup Stock Up 0.5%

NYSE:ATR traded up $0.80 on Thursday, reaching $154.73. The stock had a trading volume of 658,225 shares, compared to its average volume of 321,111. The company has a 50-day moving average of $152.56 and a 200 day moving average of $152.00. 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 stock has a market cap of $10.22 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.16 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 released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. AptarGroup had a return on equity of 15.10% and a net margin of 10.41%. The business had revenue of $887.31 million for the quarter, compared to analysts' expectations of $894.26 million. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company's revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

Wall Street Analyst Weigh In

ATR has been the subject of several recent research reports. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $170.00 target price (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Finally, Raymond James Financial dropped their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. One 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 company. According to data from MarketBeat, AptarGroup currently has an average rating of "Buy" and a consensus 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.