Focus Partners Wealth trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,886 shares of the industrial products company's stock after selling 19,557 shares during the period. Focus Partners Wealth owned approximately 0.05% of AptarGroup worth $5,323,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of AptarGroup by 0.8% in the fourth 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 boosted its stake in shares of AptarGroup by 33.1% during the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock valued at $389,854,000 after buying an additional 617,365 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AptarGroup by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company's stock valued at $248,570,000 after buying an additional 40,268 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of AptarGroup by 4.4% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company's stock worth $189,895,000 after buying an additional 50,651 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of AptarGroup by 10.7% during the fourth quarter. Northern Trust Corp now owns 1,116,612 shares of the industrial products company's stock worth $175,420,000 after buying an additional 108,321 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.
Insider Transactions at AptarGroup
In other news, insider Hedi Tlili sold 3,614 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,462,748.84. The trade was a 27.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 11,329 shares of AptarGroup stock in a transaction on Monday, May 5th. The shares were sold at an average price of $152.39, for a total value of $1,726,426.31. Following the sale, the chief executive officer now directly owns 204,986 shares in the company, valued at $31,237,816.54. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,709 shares of company stock worth $5,129,410. Insiders own 0.68% of the company's stock.
Wall Street Analyst Weigh In
ATR has been the topic of several recent analyst reports. Robert W. Baird cut their price target 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. Wells Fargo & Company reissued an "overweight" rating and issued a $170.00 target price (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. StockNews.com raised shares of AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. 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 research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $178.60.
Read Our Latest Stock Report on AptarGroup
AptarGroup Stock Performance
ATR stock traded up $0.89 during trading on Tuesday, hitting $158.97. 67,243 shares of the company's stock traded hands, compared to its average volume of 360,560. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 52 week low of $130.85 and a 52 week high of $178.03. The stock has a fifty day moving average price of $147.56 and a two-hundred day moving average price of $155.07. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.
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 for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The company'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. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.
AptarGroup Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. AptarGroup's dividend payout ratio is currently 32.85%.
AptarGroup Profile
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Free Report)
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.
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