Deutsche Bank AG Has $21.22 Million Stock Position in AptarGroup, Inc. $ATR

Key Points

• Deutsche Bank AG has reduced its stake in AptarGroup, Inc. by 2.5%, selling 3,637 shares, and now holds 142,976 shares valued at $21.2 million.
• Several institutional investors, including Russell Investments and Bank of Montreal, have recently increased their holdings in AptarGroup during the fourth quarter.
• AptarGroup announced a quarterly dividend of $0.45, leading to an annualized dividend yield of 1.3%, with a payout ratio of approximately 31%.

Deutsche Bank AG cut its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,976 shares of the industrial products company's stock after selling 3,637 shares during the quarter. Deutsche Bank AG owned 0.22% of AptarGroup worth $21,215,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of AptarGroup by 155.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after acquiring an additional 169 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of AptarGroup in the 4th quarter worth approximately $75,000. UMB Bank n.a. boosted its holdings 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 worth $89,000 after acquiring an additional 325 shares in the last quarter. State of Wyoming acquired a new position in shares of AptarGroup in the 4th quarter worth approximately $97,000. Finally, Menard Financial Group LLC acquired a new position in shares of AptarGroup in the 4th quarter worth approximately $111,000. 88.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ATR. Raymond James Financial reissued an "outperform" rating and issued a $172.00 target price (down from $182.00) on shares of AptarGroup in a report on Monday, August 4th. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $153.00 price objective (down previously from $173.00) on shares of AptarGroup in a report on Monday, August 4th. 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $174.60.

AptarGroup Trading Down 0.3%

NYSE:ATR traded down $0.49 during trading hours on Monday, hitting $138.24. 161,075 shares of the stock were exchanged, compared to its average volume of 382,815. The company's 50 day moving average is $152.54 and its two-hundred day moving average is $150.27. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.11 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. The company had revenue of $966.01 million for the quarter, compared to the consensus estimate of $954.06 million. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 24th were given a $0.45 dividend. The ex-dividend date was Thursday, July 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. AptarGroup's dividend payout ratio is currently 30.98%.

Insider Activity at AptarGroup

In related news, insider Gael Touya sold 3,300 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $152.62, for a total value of $503,646.00. Following the completion of the sale, the insider owned 33,963 shares in the company, valued at $5,183,433.06. This represents a 8.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimberly Chainey sold 1,671 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total transaction of $255,312.09. Following the completion of the sale, the executive vice president owned 11,088 shares of the company's stock, valued at approximately $1,694,135.52. This represents a 13.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,971 shares of company stock worth $1,854,388 in the last quarter. Corporate insiders own 0.68% of the company's stock.

About AptarGroup

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.