Entropy Technologies LP Has $951,000 Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Key Points

• Entropy Technologies LP has increased its position in AptarGroup, Inc. by 93.2%, holding 6,410 shares valued at approximately $951,000 as of the end of the last quarter.
• AptarGroup recently reported quarterly earnings of $1.66 EPS, surpassing analyst estimates and showing a revenue increase of 6.1% year-over-year, totaling $966.01 million.
• The company declared a quarterly dividend of $0.45 per share, with a payout ratio of 30.98% and a dividend yield of 1.3%, to be paid on August 14th.

Entropy Technologies LP increased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 93.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,410 shares of the industrial products company's stock after purchasing an additional 3,093 shares during the period. Entropy Technologies LP's holdings in AptarGroup were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of AptarGroup by 172.7% during the 4th quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company's stock worth $1,880,000 after buying an additional 7,575 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of AptarGroup by 18.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the industrial products company's stock worth $335,000 after buying an additional 348 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of AptarGroup by 116.9% during the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock worth $89,000 after buying an additional 325 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of AptarGroup by 10.3% during the 4th quarter. Bank of Montreal Can now owns 11,819 shares of the industrial products company's stock worth $1,857,000 after buying an additional 1,100 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its stake in shares of AptarGroup by 16.5% during the 4th quarter. Curi RMB Capital LLC now owns 119,687 shares of the industrial products company's stock worth $18,803,000 after buying an additional 16,949 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In other news, EVP Kimberly Chainey sold 1,671 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 11,088 shares of the company's stock, valued at approximately $1,694,135.52. This trade represents a 13.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Xiangwei Gong sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the transaction, the insider directly 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 have sold 11,971 shares of company stock valued at $1,854,388. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $153.00 target price (down from $173.00) on shares of AptarGroup in a report on Monday, August 4th. Finally, Raymond James Financial reaffirmed 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. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $174.60.

AptarGroup Stock Performance

Shares of AptarGroup stock traded up $0.46 on Friday, hitting $138.80. The stock had a trading volume of 770,504 shares, compared to its average volume of 508,809. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The business's 50 day moving average is $152.54 and its two-hundred day moving average is $150.37. 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 stock has a market cap of $9.14 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.87 and a beta of 0.57.

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

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. AptarGroup's dividend payout ratio (DPR) is currently 30.98%.

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.