6,856 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,856 shares of the industrial products company's stock, valued at approximately $848,000.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its holdings in AptarGroup by 1.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,364 shares of the industrial products company's stock worth $1,421,000 after acquiring an additional 189 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AptarGroup by 15.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,136 shares of the industrial products company's stock valued at $1,517,000 after acquiring an additional 1,640 shares in the last quarter. Advisor Partners II LLC boosted its holdings in AptarGroup by 21.1% during the third quarter. Advisor Partners II LLC now owns 2,227 shares of the industrial products company's stock worth $278,000 after purchasing an additional 388 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in 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 worth $143,491,000 after acquiring an additional 101,279 shares during the period. Finally, Adirondack Trust Co. purchased a new stake in shares of AptarGroup during the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Price Performance

NYSE ATR traded down $1.74 during trading on Thursday, hitting $149.05. 299,133 shares of the stock traded hands, compared to its average volume of 326,504. AptarGroup, Inc. has a 12-month low of $111.63 and a 12-month high of $151.73. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $142.26 and a 200-day simple moving average of $133.43. The company has a market capitalization of $9.88 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 3.93 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 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. 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 prior year, the firm posted $0.92 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. As a group, analysts predict that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.10%. AptarGroup's dividend payout ratio is presently 35.19%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ATR shares. Wells Fargo & Company lifted their price target on AptarGroup from $160.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday, April 29th. Robert W. Baird lifted their target price on shares of AptarGroup from $150.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, April 29th. Finally, William Blair raised AptarGroup from a "market perform" rating to an "outperform" rating in a research report on Monday, April 29th.

Insiders Place Their Bets

In related news, insider Gael Touya sold 3,500 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AptarGroup news, insider Gael Touya sold 3,500 shares of the business'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 completion of the transaction, the insider now directly owns 33,426 shares of the company's stock, valued at $4,774,569.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $4,533,440.00. Following the completion of the sale, 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. Over the last 90 days, insiders sold 45,334 shares of company stock valued at $6,467,171. 1.00% of the stock is currently owned by corporate insiders.

About AptarGroup

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.