Millennium Management LLC Cuts Holdings in AptarGroup, Inc. (NYSE:ATR)

Millennium Management LLC decreased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 88.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,221 shares of the industrial products company's stock after selling 323,816 shares during the quarter. Millennium Management LLC owned approximately 0.06% of AptarGroup worth $6,790,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in AptarGroup by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,906 shares of the industrial products company's stock valued at $771,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. boosted its position in shares of AptarGroup by 9.3% during the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock worth $154,000 after buying an additional 82 shares during the period. KBC Group NV boosted its position in shares of AptarGroup by 53.7% during 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 period. Mount Yale Investment Advisors LLC boosted its position in shares of AptarGroup by 288.5% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,934 shares of the industrial products company's stock worth $775,000 after buying an additional 3,664 shares during the period. Finally, Moody Aldrich Partners LLC bought a new position in AptarGroup in the fourth quarter valued at approximately $299,000. Institutional investors own 88.52% of the company's stock.

Insider Buying and Selling

In related news, insider Xiangwei Gong sold 7,000 shares of AptarGroup 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 completion of the transaction, the insider now directly owns 10,265 shares in the company, valued at approximately $1,606,369.85. This trade represents a 40.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hedi Tlili sold 3,614 shares of AptarGroup stock in a transaction that occurred 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 sale, the insider now directly owns 9,379 shares in the company, valued at $1,462,748.84. This represents a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,709 shares of company stock worth $6,224,840 over the last three months. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

AptarGroup Stock Performance

NYSE:ATR traded up $0.10 during mid-day trading on Friday, reaching $158.43. The company's stock had a trading volume of 335,104 shares, compared to its average volume of 308,116. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03. The firm's fifty day moving average price is $149.53 and its two-hundred day moving average price is $154.18. 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 stock has a market cap of $10.46 billion, a P/E ratio of 28.60, a PEG ratio of 3.89 and a beta of 0.58.

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

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. AptarGroup's dividend payout ratio is presently 32.85%.

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.