Rhumbline Advisers Has $30.48 Million Position in AptarGroup, Inc. (NYSE:ATR)

Rhumbline Advisers grew its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,398 shares of the industrial products company's stock after buying an additional 7,848 shares during the quarter. Rhumbline Advisers owned 0.31% of AptarGroup worth $30,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATR. Norges Bank bought a new stake in shares of AptarGroup during the 4th quarter valued at approximately $116,265,000. FMR LLC grew its holdings in shares of AptarGroup by 33.1% during 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. Bank of America Corp DE grew its holdings in shares of AptarGroup by 297.2% during the 4th quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company's stock valued at $74,312,000 after purchasing an additional 353,935 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of AptarGroup by 20,143.0% during the 1st quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company's stock valued at $300,970,000 after purchasing an additional 201,833 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of AptarGroup during the 4th quarter valued at approximately $22,925,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Trading Up 0.5%

ATR traded up $0.77 during trading on Friday, reaching $153.26. 264,715 shares of the company's stock were exchanged, compared to its average volume of 312,800. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. 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 capitalization of $10.12 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The firm has a fifty day moving average price of $150.08 and a two-hundred day moving average price of $153.67.

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

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, May 1st. AptarGroup's payout ratio is 32.85%.

Insider Activity

In other news, CEO Stephan B. Tanda sold 17,771 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $151.24, for a total value of $2,687,686.04. Following the sale, the chief executive officer now directly owns 204,986 shares of the company's stock, valued at approximately $31,002,082.64. This represents a 7.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Xiangwei Gong sold 7,000 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 10,265 shares in the company, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,709 shares of company stock valued at $6,224,840. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $170.00 price target (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Raymond James decreased 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, Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One 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 stock. According to MarketBeat, AptarGroup has an average rating of "Buy" and a consensus price target of $178.60.

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.