Allspring Global Investments Holdings LLC Reduces Position in AptarGroup, Inc. (NYSE:ATR)

Allspring Global Investments Holdings LLC trimmed its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072,488 shares of the industrial products company's stock after selling 75,069 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.63% of AptarGroup worth $132,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of AptarGroup by 272.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 16,024 shares of the industrial products company's stock worth $1,991,000 after purchasing an additional 11,721 shares in the last quarter. Boit C F David acquired a new stake in shares of AptarGroup during the 4th quarter worth $376,000. Boston Trust Walden Corp grew its holdings in shares of AptarGroup by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company's stock worth $177,820,000 after purchasing an additional 21,545 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of AptarGroup by 4.1% during the 4th quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company's stock worth $352,000 after purchasing an additional 111 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of AptarGroup by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company's stock worth $1,954,000 after purchasing an additional 100 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATR has been the topic of several analyst reports. Robert W. Baird raised AptarGroup from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company increased their target price on AptarGroup from $157.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, March 7th.

AptarGroup Price Performance

Shares of ATR stock traded down $0.20 on Tuesday, hitting $140.31. 242,550 shares of the company's stock were exchanged, compared to its average volume of 309,048. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83. AptarGroup, Inc. has a 12 month low of $111.63 and a 12 month high of $145.35. The stock has a market cap of $9.28 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 3.88 and a beta of 0.59. The company has a 50 day moving average of $139.31 and a 200 day moving average of $130.71.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The business had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. AptarGroup's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. On average, equities research analysts predict that AptarGroup, Inc. will post 5.22 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 1st were given a $0.41 dividend. The ex-dividend date was Wednesday, January 31st. This represents a $1.64 annualized dividend and a yield of 1.17%. AptarGroup's dividend payout ratio is presently 38.59%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Gael Touya sold 3,500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the transaction, the insider now directly owns 33,426 shares in the company, valued at $4,774,569.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares of the company's stock, valued at $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gael Touya sold 3,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the sale, the insider now directly owns 33,426 shares of the company's stock, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,500 shares of company stock worth $5,318,280. 1.00% of the stock is currently owned by 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.