Elefante Mark B Buys 5,005 Shares of AptarGroup, Inc. (NYSE:ATR)

Key Points

• Elefante Mark B increased its holdings in AptarGroup, Inc. by 22.6%, now owning 27,106 shares worth approximately $4 million.
• AptarGroup has received several upgrades from analysts, with Raymond James raising its target price from $175.00 to $182.00 and a consensus rating of "Buy" across multiple firms.
• The company announced a quarterly dividend of $0.45, reflecting a 1.12% yield, to be paid on August 14th to investors of record.

Elefante Mark B raised its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 22.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,106 shares of the industrial products company's stock after purchasing an additional 5,005 shares during the period. AptarGroup accounts for approximately 3.2% of Elefante Mark B's investment portfolio, making the stock its 13th biggest position. Elefante Mark B's holdings in AptarGroup were worth $4,022,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position 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. Huntington National Bank grew its stake in shares of AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after buying an additional 120 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of AptarGroup in the 4th quarter valued at about $75,000. UMB Bank n.a. grew 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 buying an additional 325 shares during the period. Finally, State of Wyoming acquired a new stake in shares of AptarGroup in the 4th quarter valued at about $97,000. 88.52% of the stock is owned by institutional investors.

Insider Buying and Selling at AptarGroup

In other news, insider Hedi Tlili sold 3,614 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $155.96, for a total value of $563,639.44. Following the completion of the transaction, the insider directly owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction on Friday, June 6th. The stock was 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 trade represents a 8.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,680 shares of company stock valued at $6,983,798 in the last quarter. Insiders own 0.68% of the company's stock.

AptarGroup Stock Down 0.9%

ATR stock traded down $1.48 during mid-day trading on Monday, reaching $159.51. 95,018 shares of the company traded hands, compared to its average volume of 360,192. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 3.20 and a beta of 0.57. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The firm's 50 day moving average price is $156.02 and its 200 day moving average price is $151.56.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share 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 firm had revenue of $887.31 million for the quarter, compared to the consensus estimate of $894.26 million. During the same quarter in the previous year, the business earned $1.26 EPS. The company's revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 24th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, July 24th. AptarGroup's dividend payout ratio (DPR) is 32.85%.

Wall Street Analysts Forecast Growth

ATR has been the subject of several research reports. Wells Fargo & Company raised their target price on AptarGroup from $170.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Raymond James Financial raised their target price on AptarGroup from $175.00 to $182.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $180.60.

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.