Envestnet Asset Management Inc. Sells 3,195 Shares of AptarGroup, Inc. (NYSE:ATR)

Envestnet Asset Management Inc. reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,164 shares of the industrial products company's stock after selling 3,195 shares during the quarter. Envestnet Asset Management Inc. owned about 0.33% of AptarGroup worth $31,926,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in AptarGroup in the fourth quarter worth approximately $116,265,000. FMR LLC grew its stake in AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock worth $389,854,000 after purchasing an additional 617,365 shares in the last quarter. Bank of America Corp DE grew its stake in AptarGroup by 297.2% in the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock worth $74,312,000 after purchasing an additional 353,935 shares in the last quarter. GAMMA Investing LLC grew its stake in AptarGroup by 20,143.0% in the first quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company's stock worth $300,970,000 after purchasing an additional 201,833 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in AptarGroup in the fourth quarter worth approximately $21,941,000. 88.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of analyst reports. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial lowered their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company restated an "overweight" rating and set a $170.00 target price (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. One 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $178.60.

Insiders Place Their Bets

In other news, EVP Kimberly Chainey sold 1,671 shares of AptarGroup 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 sale, the executive vice president owned 11,088 shares of the company's stock, valued at approximately $1,694,135.52. The trade was a 13.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Xiangwei Gong sold 7,000 shares of AptarGroup 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 sale, the insider directly owned 10,265 shares in the company, valued at approximately $1,606,369.85. The trade was a 40.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,680 shares of company stock worth $6,983,798. 0.68% of the stock is currently owned by insiders.

AptarGroup Price Performance

Shares of ATR opened at $157.68 on Tuesday. The business's 50-day moving average is $155.16 and its two-hundred day moving average is $151.38. The company has a market capitalization of $10.41 billion, a P/E ratio of 28.77, a P/E/G ratio of 3.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.25. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating 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 analysts' expectations of $894.26 million. During the same period last year, the firm earned $1.26 EPS. The company's quarterly revenue was down 3.1% on a year-over-year basis. Research analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 24th. AptarGroup's dividend payout ratio (DPR) is 32.85%.

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.

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