Zions Bancorporation National Association UT Buys Shares of 15,666 AptarGroup, Inc. (NYSE:ATR)

Key Points

• Zions Bancorporation acquired 15,666 shares of AptarGroup, Inc., valued at approximately $2.3 million, in the 1st quarter, highlighting continued institutional interest in the stock.
• After recent upgrades, AptarGroup holds an average analyst rating of "Buy" with a consensus price target of $174.60, despite some recent downward revisions.
• AptarGroup announced a quarterly dividend of $0.45 per share with a yield of 1.3%, reflecting a dividend payout ratio of 30.98%.

Zions Bancorporation National Association UT purchased a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,666 shares of the industrial products company's stock, valued at approximately $2,325,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in AptarGroup by 172.7% in the 4th quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company's stock valued at $1,880,000 after buying an additional 7,575 shares during the period. Avantax Advisory Services Inc. increased its holdings in AptarGroup by 18.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,256 shares of the industrial products company's stock valued at $335,000 after buying an additional 348 shares during the period. UMB Bank n.a. increased its holdings in 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 during the period. Bank of Montreal Can increased its holdings in AptarGroup by 10.3% in the 4th quarter. Bank of Montreal Can now owns 11,819 shares of the industrial products company's stock valued at $1,857,000 after buying an additional 1,100 shares during the period. Finally, Curi RMB Capital LLC increased its holdings in AptarGroup by 16.5% in the 4th quarter. Curi RMB Capital LLC now owns 119,687 shares of the industrial products company's stock valued at $18,803,000 after buying an additional 16,949 shares during the period. Institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

Shares of ATR traded up $1.14 during trading hours on Wednesday, hitting $140.62. The stock had a trading volume of 308,705 shares, compared to its average volume of 375,705. The company's fifty day moving average is $153.29 and its two-hundred day moving average is $150.70. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.90 and a beta of 0.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.21 and a quick ratio of 0.83. 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 issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The business had revenue of $966.01 million for the quarter, compared to the consensus estimate of $954.06 million. AptarGroup had a net margin of 10.84% and a return on equity of 15.39%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. On average, analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, July 24th. This represents a $1.80 annualized dividend and a yield of 1.3%. AptarGroup's dividend payout ratio is 30.98%.

Insider Activity at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 1,671 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total transaction of $255,312.09. Following the transaction, the executive vice president directly owned 11,088 shares in the company, valued at approximately $1,694,135.52. This represents a 13.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gael Touya sold 3,300 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $152.62, for a total transaction of $503,646.00. Following the transaction, the insider owned 33,963 shares in the company, valued at approximately $5,183,433.06. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,585 shares of company stock worth $2,418,028 in the last 90 days. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

ATR has been the topic of several analyst reports. Wall Street Zen raised shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial reaffirmed an "outperform" rating and issued a $172.00 target price (down previously from $182.00) on shares of AptarGroup in a report on Monday, August 4th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $153.00 target price (down previously from $173.00) on shares of AptarGroup in a report on Monday, August 4th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $174.60.

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.