AptarGroup, Inc. (NYSE:ATR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 44.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,607 shares of the industrial products company's stock after selling 14,127 shares during the period. DekaBank Deutsche Girozentrale's holdings in AptarGroup were worth $2,569,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised 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 purchasing an additional 1,146 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company's stock worth $1,480,000 after purchasing an additional 127 shares in the last quarter. Stifel Financial Corp raised its holdings in AptarGroup by 172.7% during the fourth quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company's stock worth $1,880,000 after purchasing an additional 7,575 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in AptarGroup during the fourth quarter worth about $7,957,000. Finally, UMB Bank n.a. raised its holdings in AptarGroup by 116.9% during the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock worth $89,000 after purchasing an additional 325 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Shiela Vinczeller sold 995 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total value of $151,657.90. Following the sale, the insider directly owned 26,301 shares in the company, valued at $4,008,798.42. This represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Xiangwei Gong sold 7,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 10,265 shares in the company, valued at $1,606,369.85. This represents a 40.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,680 shares of company stock valued at $6,983,798. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

ATR has been the topic of several recent analyst reports. Wells Fargo & Company restated an "overweight" rating and set a $170.00 target price (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Raymond James Financial lowered their target price on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $178.60.

AptarGroup Price Performance

ATR traded down $0.46 on Friday, hitting $157.87. 292,046 shares of the company were exchanged, compared to its average volume of 324,497. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.25. The business's fifty day moving average is $155.16 and its 200 day moving average is $151.43. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The firm has a market capitalization of $10.43 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 3.14 and a beta of 0.57.

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, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million for the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The company's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th will be given a $0.45 dividend. The ex-dividend date is Thursday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. AptarGroup's dividend payout ratio is presently 32.85%.

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.