Nuveen Asset Management LLC Acquires 16,371 Shares of AptarGroup, Inc. (NYSE:ATR)

Nuveen Asset Management LLC boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,166 shares of the industrial products company's stock after purchasing an additional 16,371 shares during the period. Nuveen Asset Management LLC owned approximately 0.22% of AptarGroup worth $22,806,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock worth $1,132,222,000 after buying an additional 58,777 shares during the period. FMR LLC lifted its position in AptarGroup by 33.1% in the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock valued at $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Geode Capital Management LLC lifted its position in AptarGroup by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company's stock valued at $248,570,000 after purchasing an additional 40,268 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of AptarGroup by 4.4% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company's stock worth $189,895,000 after buying an additional 50,651 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of AptarGroup by 10.7% during the 4th quarter. Northern Trust Corp now owns 1,116,612 shares of the industrial products company's stock worth $175,420,000 after buying an additional 108,321 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Insider Transactions at AptarGroup

In related news, insider Xiangwei Gong sold 7,000 shares of the business's 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 transaction, the insider now directly owns 10,265 shares of the company's stock, valued at approximately $1,606,369.85. The trade was a 40.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider now directly owns 26,301 shares in the company, valued at $4,008,798.42. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,709 shares of company stock valued at $6,224,840 over the last ninety days. Corporate insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of recent analyst reports. Wells Fargo & Company restated an "overweight" rating and set a $170.00 price target (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Raymond James dropped their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $178.60.

AptarGroup Price Performance

Shares of NYSE ATR traded up $2.23 during midday trading on Tuesday, reaching $158.17. The company's stock had a trading volume of 352,755 shares, compared to its average volume of 308,098. 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 company has a 50 day moving average price of $148.58 and a 200 day moving average price of $154.52. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a market cap of $10.45 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58.

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

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

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.