Two Sigma Advisers LP Decreases Stake in AptarGroup, Inc. (NYSE:ATR)

Two Sigma Advisers LP reduced its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,800 shares of the industrial products company's stock after selling 1,700 shares during the period. Two Sigma Advisers LP's holdings in AptarGroup were worth $3,111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC raised its position in shares of AptarGroup by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,906 shares of the industrial products company's stock worth $771,000 after acquiring an additional 120 shares in the last quarter. Blue Trust Inc. grew its stake in AptarGroup by 9.3% in the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock worth $154,000 after purchasing an additional 82 shares during the period. KBC Group NV raised its holdings in AptarGroup by 53.7% in the fourth quarter. KBC Group NV now owns 2,551 shares of the industrial products company's stock worth $401,000 after purchasing an additional 891 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in AptarGroup by 288.5% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,934 shares of the industrial products company's stock valued at $775,000 after buying an additional 3,664 shares during the period. Finally, Moody Aldrich Partners LLC bought a new stake in shares of AptarGroup during the 4th quarter valued at $299,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

AptarGroup Stock Performance

NYSE:ATR traded up $0.10 during trading hours on Friday, reaching $158.43. The company had a trading volume of 335,104 shares, compared to its average volume of 308,116. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 3.89 and a beta of 0.58. 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 firm's 50 day moving average price is $149.53 and its 200-day moving average price is $154.18. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last released 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. The firm had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current 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 paid a $0.45 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. AptarGroup's dividend payout ratio (DPR) is 32.85%.

Insider Buying and Selling

In other AptarGroup news, insider Xiangwei Gong sold 7,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total value of $1,095,430.00. Following the completion of the sale, the insider now owns 10,265 shares in the company, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 17,771 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 204,986 shares in the company, valued at $31,002,082.64. The trade was a 7.98% 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 owned by company insiders.

Analyst Ratings Changes

ATR has been the topic of a number of recent research reports. Wells Fargo & Company restated an "overweight" rating and issued a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Robert W. Baird cut their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Raymond James decreased their price target on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $178.60.

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.