Duality Advisers LP Acquires Shares of 5,936 AptarGroup, Inc. (NYSE:ATR)

Duality Advisers LP acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,936 shares of the industrial products company's stock, valued at approximately $734,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATR. Vanguard Group Inc. grew its holdings in shares of AptarGroup by 0.8% in the third quarter. Vanguard Group Inc. now owns 7,146,231 shares of the industrial products company's stock valued at $893,565,000 after acquiring an additional 53,625 shares in the last quarter. Morgan Stanley grew its holdings in shares of AptarGroup by 10.0% in the third quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company's stock valued at $576,242,000 after acquiring an additional 420,457 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of AptarGroup by 1.5% in the fourth quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company's stock valued at $177,820,000 after acquiring an additional 21,545 shares in the last quarter. FMR LLC grew its holdings in shares of AptarGroup by 19.7% in the third quarter. FMR LLC now owns 1,371,141 shares of the industrial products company's stock valued at $171,447,000 after acquiring an additional 225,296 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of AptarGroup by 9.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,147,557 shares of the industrial products company's stock valued at $143,491,000 after acquiring an additional 101,279 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction that occurred 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 transaction, the director now directly owns 9,648 shares in the company, valued at $1,374,357.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm's stock in a transaction that occurred 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 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 over the last three months. Company insiders own 1.00% of the company's stock.

AptarGroup Trading Up 0.2 %

Shares of NYSE:ATR traded up $0.25 on Thursday, reaching $140.26. 694,402 shares of the company traded hands, compared to its average volume of 317,365. 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 stock has a market capitalization of $9.28 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 3.85 and a beta of 0.59. AptarGroup, Inc. has a 52 week low of $111.63 and a 52 week high of $145.35. The business's 50-day simple moving average is $140.85 and its 200 day simple moving average is $131.98.

AptarGroup (NYSE:ATR - Get Free Report) last posted its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $838.48 million for the quarter, compared to analysts' expectations of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. AptarGroup's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.21 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a $0.41 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.17%. AptarGroup's dividend payout ratio (DPR) is presently 38.59%.

Wall Street Analyst Weigh In

Several research firms recently commented on ATR. Robert W. Baird upgraded AptarGroup from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $125.00 to $150.00 in a research note 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 research report on Thursday, March 7th.

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.