Voloridge Investment Management LLC Purchases Shares of 2,594 AptarGroup, Inc. (NYSE:ATR)

Voloridge Investment Management LLC acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,594 shares of the industrial products company's stock, valued at approximately $408,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock worth $1,132,222,000 after acquiring an additional 58,777 shares in the last quarter. FMR LLC grew its holdings in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock worth $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AptarGroup by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company's stock worth $248,570,000 after purchasing an additional 40,268 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of AptarGroup by 4.4% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company's stock valued at $189,895,000 after purchasing an additional 50,651 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of AptarGroup by 10.7% in the 4th quarter. Northern Trust Corp now owns 1,116,612 shares of the industrial products company's stock valued at $175,420,000 after purchasing an additional 108,321 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ATR. Robert W. Baird dropped their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wall Street Zen upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Finally, Raymond James decreased their price target on shares of 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $178.60.

AptarGroup Stock Performance

Shares of NYSE:ATR traded up $0.10 during trading on Friday, reaching $158.43. The company had a trading volume of 335,104 shares, compared to its average volume of 308,116. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. 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 stock's fifty day moving average price is $149.53 and its 200 day moving average price is $154.33. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (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 company had revenue of $887.31 million for the quarter, compared to analysts' expectations of $894.26 million. During the same period in the previous year, the company posted $1.26 EPS. AptarGroup's revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were given a $0.45 dividend. The ex-dividend date was Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.14%. AptarGroup's payout ratio is currently 32.85%.

Insider Buying and Selling at AptarGroup

In other news, insider Shiela Vinczeller sold 995 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total transaction of $151,657.90. Following the transaction, the insider now directly owns 26,301 shares of the company's stock, valued at $4,008,798.42. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Hedi Tlili sold 3,614 shares of the firm's stock in a transaction dated 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 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. In the last 90 days, insiders have sold 40,709 shares of company stock valued at $6,224,840. 0.68% of the stock is owned by corporate insiders.

AptarGroup 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.