AptarGroup, Inc. (NYSE:ATR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 20,143.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,835 shares of the industrial products company's stock after purchasing an additional 201,833 shares during the quarter. GAMMA Investing LLC owned 0.31% of AptarGroup worth $300,970,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 82 shares during the period. KBC Group NV boosted its holdings in shares of AptarGroup by 53.7% in the fourth quarter. KBC Group NV now owns 2,551 shares of the industrial products company's stock worth $401,000 after buying an additional 891 shares during the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in AptarGroup during the fourth quarter valued at approximately $302,000. Longboard Asset Management LP bought a new position in AptarGroup in the fourth quarter worth approximately $225,000. Finally, EULAV Asset Management grew its position in shares of AptarGroup by 25.5% during the 4th quarter. EULAV Asset Management now owns 288,125 shares of the industrial products company's stock valued at $45,264,000 after acquiring an additional 58,599 shares during the period. Institutional investors own 88.52% of the company's stock.

AptarGroup Trading Down 0.2%

Shares of ATR traded down $0.38 during trading hours on Tuesday, reaching $156.53. 397,776 shares of the company traded hands, compared to its average volume of 308,639. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 3.89 and a beta of 0.58. The stock's fifty day moving average price is $149.70 and its 200 day moving average price is $153.97. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The business had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. During the same quarter in the previous year, the business posted $1.26 EPS. The company's quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.15%. AptarGroup's dividend payout ratio (DPR) is 32.85%.

Insider Activity

In other AptarGroup news, insider Shiela Vinczeller sold 995 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total transaction of $151,657.90. Following the sale, the insider now owns 26,301 shares of the company's stock, valued at approximately $4,008,798.42. The trade was a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephan B. Tanda sold 11,329 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the completion of the transaction, the chief executive officer now directly owns 204,986 shares of the company's stock, valued at approximately $31,237,816.54. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,709 shares of company stock worth $6,224,840. Insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATR. Wall Street Zen raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Robert W. Baird reduced their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Raymond James lowered their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $170.00 price target (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AptarGroup currently has a consensus rating of "Buy" and an average price target of $178.60.

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.