Federated Hermes Inc. Buys 96,227 Shares of AptarGroup, Inc. (NYSE:ATR)

Federated Hermes Inc. increased its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 587,640 shares of the industrial products company's stock after purchasing an additional 96,227 shares during the period. Federated Hermes Inc. owned approximately 0.89% of AptarGroup worth $72,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of AptarGroup by 191.3% during the fourth quarter. Pacer Advisors Inc. now owns 15,894 shares of the industrial products company's stock worth $1,965,000 after buying an additional 10,437 shares in the last quarter. Boston Trust Walden Corp increased its stake in AptarGroup by 1.5% in the 4th quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company's stock valued at $177,820,000 after buying an additional 21,545 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in AptarGroup by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,346 shares of the industrial products company's stock valued at $2,794,000 after buying an additional 10,796 shares during the last quarter. FMR LLC boosted its stake in shares of AptarGroup by 19.7% during the 3rd quarter. FMR LLC now owns 1,371,141 shares of the industrial products company's stock worth $171,447,000 after buying an additional 225,296 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of AptarGroup by 65.4% in the 3rd quarter. UBS Group AG now owns 53,313 shares of the industrial products company's stock valued at $6,666,000 after acquiring an additional 21,084 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

Shares of AptarGroup stock traded up $0.23 on Friday, reaching $139.34. 276,582 shares of the stock were exchanged, compared to its average volume of 308,325. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. The firm has a market cap of $9.22 billion, a PE ratio of 32.79, a P/E/G ratio of 3.79 and a beta of 0.59. The firm's 50 day moving average is $140.55 and its 200-day moving average is $131.54. AptarGroup, Inc. has a one year low of $111.63 and a one 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 EPS for the quarter, beating 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 net margin of 8.16% and a return on equity of 14.46%. The company's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, analysts anticipate that AptarGroup, Inc. will post 5.22 EPS for the current fiscal year.

AptarGroup Announces Dividend

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

Insider Activity at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Stephan B. Tanda sold 32,000 shares of the business's 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 transaction, the chief executive officer now directly owns 159,024 shares of the company's stock, valued at approximately $22,528,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gael Touya sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following 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. Insiders sold 37,500 shares of company stock worth $5,318,280 over the last three months. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ATR. Wells Fargo & Company upped 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. Robert W. Baird raised AptarGroup from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $125.00 to $150.00 in a report on Wednesday, January 3rd.

AptarGroup Company 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.