Somerville Kurt F Sells 2,785 Shares of AptarGroup, Inc. (NYSE:ATR)

Somerville Kurt F decreased its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,871 shares of the industrial products company's stock after selling 2,785 shares during the quarter. AptarGroup accounts for about 3.0% of Somerville Kurt F's portfolio, making the stock its 13th largest holding. Somerville Kurt F owned approximately 0.18% of AptarGroup worth $17,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in AptarGroup by 155.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after purchasing an additional 169 shares in the last quarter. Huntington National Bank raised its stake in AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after purchasing an additional 120 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of AptarGroup in the 4th quarter valued at approximately $75,000. UMB Bank n.a. raised its position in shares of AptarGroup by 116.9% in the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock valued at $89,000 after buying an additional 325 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of AptarGroup in the 4th quarter valued at approximately $97,000. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Price Performance

ATR stock traded down $0.88 during trading on Friday, reaching $160.94. 296,252 shares of the company were exchanged, compared to its average volume of 362,200. The company has a 50-day moving average of $155.94 and a two-hundred day moving average of $151.54. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 3.22 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month 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 released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to analysts' expectations of $894.26 million. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. As a group, equities analysts predict 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 will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 24th. AptarGroup's payout ratio is 32.85%.

Insider Activity

In other AptarGroup news, insider Hedi Tlili sold 3,614 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $155.96, for a total transaction of $563,639.44. Following the sale, the insider directly owned 9,379 shares of the company's stock, valued at $1,462,748.84. The trade was a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kimberly Chainey sold 1,671 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the sale, the executive vice president directly owned 11,088 shares in the company, valued at $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 ninety days, insiders sold 45,680 shares of company stock worth $6,983,798. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATR. Wells Fargo & Company boosted their target price on shares of AptarGroup from $170.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Raymond James Financial boosted 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, July 15th. Finally, Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One equities research 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $180.60.

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.