Sone Capital Management LLC Acquires Shares of 28,881 AptarGroup, Inc. (NYSE:ATR)

Sone Capital Management LLC bought a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,881 shares of the industrial products company's stock, valued at approximately $4,537,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in AptarGroup by 7.2% in the 4th quarter. Tidal Investments LLC now owns 19,823 shares of the industrial products company's stock valued at $3,114,000 after purchasing an additional 1,331 shares in the last quarter. State of Wyoming purchased a new position in AptarGroup in the 4th quarter valued at about $97,000. Sherbrooke Park Advisers LLC lifted its holdings in shares of AptarGroup by 48.6% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 4,004 shares of the industrial products company's stock worth $629,000 after acquiring an additional 1,310 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of AptarGroup during the 4th quarter worth about $175,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of AptarGroup by 0.8% during the 4th quarter. Quantinno Capital Management LP now owns 39,659 shares of the industrial products company's stock worth $6,231,000 after acquiring an additional 315 shares during the period. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

AptarGroup Trading Up 0.2%

NYSE ATR traded up $0.37 during mid-day trading on Thursday, hitting $156.82. The company's stock had a trading volume of 278,860 shares, compared to its average volume of 306,981. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The stock's fifty day simple moving average is $148.02 and its two-hundred day simple moving average is $155.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The firm has a market capitalization of $10.36 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly 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 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 quarter last year, the firm posted $1.26 earnings per share. AptarGroup's revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.15%. AptarGroup's payout ratio is 32.85%.

Insider Activity at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 17,771 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 204,986 shares of the company's stock, valued at $31,002,082.64. This trade represents a 7.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hedi Tlili sold 3,614 shares of the 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 completion of the sale, the insider now directly owns 9,379 shares of the company's stock, valued at $1,462,748.84. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,709 shares of company stock worth $5,129,410. Company insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

ATR has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an "overweight" rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Robert W. Baird cut their price objective 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. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Raymond James cut their price objective 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. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.