Victory Capital Management Inc. Has $221.49 Million Stake in AptarGroup, Inc. (NYSE:ATR)

Victory Capital Management Inc. lowered its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,791,699 shares of the industrial products company's stock after selling 46,847 shares during the period. Victory Capital Management Inc. owned approximately 2.72% of AptarGroup worth $221,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in ATR. Picton Mahoney Asset Management boosted its holdings in shares of AptarGroup by 9.0% in the third quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company's stock valued at $152,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System grew its position in 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 during the period. Fulton Bank N.A. grew its position in AptarGroup by 4.9% during the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company's stock worth $276,000 after purchasing an additional 105 shares during the period. Ballentine Partners LLC grew its position in 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 during the period. Finally, D.B. Root & Company LLC grew its position in AptarGroup by 1.6% during the 4th quarter. D.B. Root & Company LLC now owns 8,089 shares of the industrial products company's stock worth $1,000,000 after purchasing an additional 130 shares during the period. Institutional investors own 88.52% of the company's stock.

AptarGroup Stock Performance

Shares of NYSE:ATR traded up $0.47 on Thursday, reaching $145.85. The company's stock had a trading volume of 356,539 shares, compared to its average volume of 328,311. The stock's 50-day moving average is $141.35 and its two-hundred day moving average is $132.53. AptarGroup, Inc. has a 52-week low of $111.63 and a 52-week high of $148.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The stock has a market capitalization of $9.66 billion, a P/E ratio of 31.26, a PEG ratio of 3.87 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.09. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The business had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. During the same period in the previous year, the business posted $0.92 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.12%. AptarGroup's dividend payout ratio (DPR) is 35.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ATR shares. Robert W. Baird raised their target price on AptarGroup from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of AptarGroup from $160.00 to $163.00 and gave the company an "overweight" rating in a research note on Monday. Finally, William Blair raised shares of AptarGroup from a "market perform" rating to an "outperform" rating in a research note on Monday.

Insider Transactions at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company's stock in a transaction dated 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company'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 transaction, the director now owns 9,648 shares of the company's stock, valued at $1,374,357.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the company's 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 transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,134 shares of company stock worth $5,990,627 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

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.