4,101 Shares in AptarGroup, Inc. (NYSE:ATR) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,101 shares of the industrial products company's stock, valued at approximately $609,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in AptarGroup by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 1,367 shares of the industrial products company's stock valued at $203,000 after acquiring an additional 365 shares in the last quarter. Tounjian Advisory Partners LLC purchased a new stake in shares of AptarGroup in the first quarter valued at about $373,000. UMB Bank n.a. grew its position in shares of AptarGroup by 116.9% in the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 325 shares during the last quarter. Portside Wealth Group LLC purchased a new position in shares of AptarGroup during the 1st quarter worth approximately $319,000. Finally, Sendero Wealth Management LLC increased its stake in shares of AptarGroup by 67.0% during the 1st quarter. Sendero Wealth Management LLC now owns 4,640 shares of the industrial products company's stock worth $688,000 after purchasing an additional 1,861 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

Insider Buying and Selling

In other news, insider Gael Touya sold 3,300 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $152.62, for a total transaction of $503,646.00. Following the completion of the sale, the insider now directly owns 33,963 shares of the company's stock, valued at $5,183,433.06. The trade was a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimberly Chainey sold 1,671 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the sale, the executive vice president now owns 11,088 shares of the company's stock, valued at approximately $1,694,135.52. The trade was a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,680 shares of company stock valued at $6,983,798. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on ATR. Wells Fargo & Company reiterated an "overweight" rating and set a $170.00 target price (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Raymond James Financial dropped their price objective on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, five have assigned 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 Trading Up 0.1%

Shares of AptarGroup stock traded up $0.10 during trading hours on Wednesday, reaching $153.97. 264,690 shares of the company's stock were exchanged, compared to its average volume of 319,248. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The company has a fifty day moving average of $152.39 and a 200-day moving average of $151.98. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 3.16 and a beta of 0.59.

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, beating 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 firm had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. During the same period in the prior year, the firm posted $1.26 earnings per share. The business'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 EPS for the current fiscal year.

AptarGroup Announces Dividend

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

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.