Segall Bryant & Hamill LLC Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Segall Bryant & Hamill LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 135,339 shares of the industrial products company's stock, valued at approximately $20,082,000. Segall Bryant & Hamill LLC owned about 0.21% of AptarGroup at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ATR. Bessemer Group Inc. lifted its position in shares of AptarGroup by 9.1% in the fourth quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock worth $162,000 after buying an additional 86 shares during the last quarter. Utah Retirement Systems boosted its position in AptarGroup by 0.9% during the fourth quarter. Utah Retirement Systems now owns 10,981 shares of the industrial products company's stock worth $1,725,000 after purchasing an additional 100 shares during the period. Nia Impact Advisors LLC grew its holdings in AptarGroup by 1.0% during the fourth quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company's stock valued at $1,522,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in AptarGroup by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the industrial products company's stock worth $2,760,000 after acquiring an additional 100 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in AptarGroup by 1.3% during the first quarter. Koshinski Asset Management Inc. now owns 7,818 shares of the industrial products company's stock valued at $1,160,000 after acquiring an additional 104 shares during the period. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Trading Up 0.4%

ATR traded up $0.59 during mid-day trading on Thursday, hitting $155.57. The stock had a trading volume of 179,243 shares, compared to its average volume of 323,911. The stock's fifty day simple moving average is $155.42 and its 200-day simple moving average is $151.42. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 3.07 and a beta of 0.57. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.25 and a quick ratio of 0.85.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. AptarGroup had a return on equity of 15.10% and a net margin of 10.41%. The company had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same period in the prior year, the company earned $1.26 earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. AptarGroup's payout ratio is 32.85%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Hedi Tlili sold 3,614 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the transaction, the insider owned 9,379 shares in the company, valued at approximately $1,462,748.84. This represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kimberly Chainey sold 1,671 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the transaction, the executive vice president directly owned 11,088 shares of the company's stock, valued at $1,694,135.52. This represents a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,680 shares of company stock valued at $6,983,798 over the last quarter. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATR shares. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company reissued an "overweight" rating and set a $170.00 target price (up from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. 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 report on Tuesday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $180.00.

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.