AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in AptarGroup, Inc. by 4.8%, now owning a total of 756,352 shares valued at approximately $112 million.
• AptarGroup's stock price recently declined by 1.5%, with a market cap of $10.48 billion and an earnings per share (EPS) of $1.20, surpassing estimates.
• The company announced a quarterly dividend of $0.45 per share, representing an annual yield of 1.13%, to be paid on August 14th.

Federated Hermes Inc. lifted its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 756,352 shares of the industrial products company's stock after buying an additional 34,567 shares during the period. Federated Hermes Inc. owned 1.15% of AptarGroup worth $112,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ATR. Norges Bank purchased a new position in shares of AptarGroup during the fourth quarter valued at approximately $116,265,000. FMR LLC lifted its stake in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock valued at $389,854,000 after buying an additional 617,365 shares during the period. Bank of America Corp DE lifted its stake in shares of AptarGroup by 297.2% during the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock valued at $74,312,000 after buying an additional 353,935 shares during the period. Victory Capital Management Inc. lifted its stake in shares of AptarGroup by 12.6% during the first quarter. Victory Capital Management Inc. now owns 2,219,191 shares of the industrial products company's stock valued at $329,284,000 after buying an additional 247,519 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of AptarGroup by 20,143.0% during the first quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company's stock valued at $300,970,000 after buying an additional 201,833 shares during the period. Hedge funds and other institutional investors own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ATR shares. Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company increased their price objective on shares of AptarGroup from $170.00 to $173.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Raymond James Financial upped their target price on shares of AptarGroup from $175.00 to $182.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $180.60.

AptarGroup Stock Performance

Shares of AptarGroup stock traded down $15.97 during trading hours on Friday, reaching $141.17. The company's stock had a trading volume of 736,264 shares, compared to its average volume of 367,813. The company's 50 day simple moving average is $156.06 and its 200 day simple moving average is $151.70. 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 one year low of $130.85 and a one year high of $178.03. The stock has a market cap of $9.32 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.12 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The company had revenue of $966.01 million for the quarter, compared to the consensus estimate of $954.06 million. During the same period last year, the firm posted $1.41 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, July 24th. AptarGroup's dividend payout ratio (DPR) is presently 32.85%.

Insiders Place Their Bets

In related news, insider Hedi Tlili sold 3,614 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $155.96, for a total value of $563,639.44. Following the sale, the insider owned 9,379 shares of the company's stock, valued at $1,462,748.84. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $152.62, for a total transaction of $503,646.00. Following the completion of the sale, the insider directly owned 33,963 shares in the company, valued at approximately $5,183,433.06. This trade represents a 8.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,680 shares of company stock worth $6,983,798. 0.68% of the stock is owned by company insiders.

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.