Louisiana State Employees Retirement System Invests $2.29 Million in AptarGroup, Inc. (NYSE:ATR)

Louisiana State Employees Retirement System acquired a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,500 shares of the industrial products company's stock, valued at approximately $2,287,000.

A number of other large investors have also added to or reduced their stakes in the business. 1832 Asset Management L.P. bought a new stake in AptarGroup during the 1st quarter worth approximately $30,000. Janiczek Wealth Management LLC grew its stake in shares of AptarGroup by 57.7% in the third quarter. Janiczek Wealth Management LLC now owns 317 shares of the industrial products company's stock worth $40,000 after purchasing an additional 116 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in AptarGroup by 1,063.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 319 shares during the period. Belpointe Asset Management LLC increased its holdings in AptarGroup by 60.3% in the first quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 132 shares during the period. Finally, Adirondack Trust Co. bought a new position in AptarGroup during the 3rd quarter worth $50,000. Institutional investors own 88.52% of the company's stock.

AptarGroup Trading Down 0.1 %

ATR stock traded down $0.19 during midday trading on Wednesday, hitting $138.40. The stock had a trading volume of 519,389 shares, compared to its average volume of 310,093. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.16 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 3.78 and a beta of 0.59. The business has a fifty day moving average price of $140.41 and a two-hundred day moving average price of $131.39. AptarGroup, Inc. has a 1-year low of $111.63 and a 1-year high of $145.35.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The company had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. During the same period in the previous year, the business earned $0.92 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts predict that AptarGroup, Inc. will post 5.22 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup's dividend payout ratio (DPR) is 38.59%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATR. Wells Fargo & Company upped their price target on AptarGroup from $157.00 to $160.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Robert W. Baird raised AptarGroup from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $125.00 to $150.00 in a research note on Wednesday, January 3rd.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The shares were 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 directly owns 159,024 shares of the company's stock, valued at $22,528,930.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total transaction of $284,900.00. Following the completion of the sale, the director now directly owns 9,648 shares of the company's stock, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $5,318,280 in the last quarter. 1.00% 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.