AptarGroup, Inc. (NYSE:ATR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 12.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,219,191 shares of the industrial products company's stock after purchasing an additional 247,519 shares during the period. Victory Capital Management Inc. owned 3.36% of AptarGroup worth $329,284,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ATR. MassMutual Private Wealth & Trust FSB grew its holdings in AptarGroup by 155.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 169 shares during the period. Huntington National Bank lifted its stake in AptarGroup by 35.1% during the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 120 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of AptarGroup during the 4th quarter worth $75,000. UMB Bank n.a. grew its holdings in AptarGroup by 116.9% during 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 bought a new stake in AptarGroup in the 4th quarter worth approximately $97,000. Institutional investors own 88.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ATR. Wells Fargo & Company lifted their target price on AptarGroup from $170.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday. 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 increased their price target on AptarGroup from $175.00 to $182.00 and gave the company an "outperform" rating in a report on Tuesday. One 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 stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $180.60.

AptarGroup Trading Up 0.2%

NYSE ATR traded up $0.37 during trading on Friday, hitting $156.40. The stock had a trading volume of 243,092 shares, compared to its average volume of 324,233. The firm has a 50 day moving average price of $155.53 and a 200 day moving average price of $151.41. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $10.33 billion, a PE ratio of 28.54, a PEG ratio of 3.11 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03.

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

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th will be given a $0.45 dividend. The ex-dividend date is Thursday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. AptarGroup's dividend payout ratio is currently 32.85%.

Insider Transactions at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 1,671 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total value of $255,312.09. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $1,694,135.52. The trade was a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Xiangwei Gong sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the completion of the transaction, the insider owned 10,265 shares in the company, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,680 shares of company stock worth $6,983,798. 0.68% of the stock is currently owned by company insiders.

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.