Occudo Quantitative Strategies LP Makes New $853,000 Investment in AptarGroup, Inc. (NYSE:ATR)

Occudo Quantitative Strategies LP acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,431 shares of the industrial products company's stock, valued at approximately $853,000.

Several other institutional investors and hedge funds have also modified their holdings of ATR. Smartleaf Asset Management LLC boosted its holdings in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after buying an additional 72 shares during the period. Blue Trust Inc. increased its holdings in AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock worth $154,000 after purchasing an additional 82 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of AptarGroup by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after purchasing an additional 86 shares during the period. Hanson & Doremus Investment Management lifted its holdings in shares of AptarGroup by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company's stock valued at $2,621,000 after purchasing an additional 99 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of AptarGroup by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock worth $2,906,000 after buying an additional 100 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Performance

ATR stock traded up $0.65 during trading hours on Monday, hitting $157.66. 38,791 shares of the stock were exchanged, compared to its average volume of 305,370. The company has a 50-day simple moving average of $147.32 and a two-hundred day simple moving average of $155.15. The firm has a market capitalization of $10.41 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The firm had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same quarter in the previous year, the firm posted $1.26 EPS. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, May 1st. AptarGroup's dividend payout ratio (DPR) is currently 32.85%.

Insider Buying and Selling

In other AptarGroup news, CEO Stephan B. Tanda sold 11,329 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the sale, the chief executive officer now directly owns 204,986 shares in the company, valued at $31,237,816.54. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Hedi Tlili sold 3,614 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the transaction, the insider now owns 9,379 shares of the company's stock, valued at $1,462,748.84. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,709 shares of company stock worth $5,129,410. Company insiders own 0.68% of the company's stock.

Analyst Ratings Changes

ATR has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company reissued an "overweight" rating and issued a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Raymond James dropped their target price on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com raised AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $178.60.

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.