AptarGroup, Inc. (NYSE:ATR) Stock Position Cut by Atlas FRM LLC

Atlas FRM LLC lowered its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 87.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,000 shares of the industrial products company's stock after selling 140,000 shares during the quarter. AptarGroup makes up approximately 0.4% of Atlas FRM LLC's portfolio, making the stock its 6th largest holding. Atlas FRM LLC's holdings in AptarGroup were worth $2,816,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its holdings in AptarGroup by 9.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company's stock valued at $2,532,000 after purchasing an additional 1,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in AptarGroup by 167.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company's stock valued at $957,000 after purchasing an additional 4,186 shares during the last quarter. First Financial Bank Trust Division purchased a new stake in AptarGroup during the first quarter valued at about $3,038,000. Wells Fargo & Company MN lifted its holdings in AptarGroup by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 109,060 shares of the industrial products company's stock valued at $13,482,000 after purchasing an additional 5,295 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in AptarGroup by 90.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company's stock valued at $2,737,000 after purchasing an additional 9,021 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price objective on shares of AptarGroup from $163.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 17th.

Insider Transactions at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the sale, the insider now directly owns 32,165 shares of the company's stock, valued at $4,876,857.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other AptarGroup news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.62, for a total transaction of $500,346.00. Following the completion of the sale, the insider now directly owns 32,165 shares in the company, valued at $4,876,857.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the sale, the insider now owns 20,174 shares of the company's stock, valued at $2,956,701.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Stock Performance

NYSE ATR traded up $0.62 during trading on Tuesday, hitting $156.58. 246,152 shares of the company's stock traded hands, compared to its average volume of 292,388. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $158.80. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. The business has a 50 day moving average of $148.82 and a 200-day moving average of $145.60.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same period in the prior year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from AptarGroup's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup's dividend payout ratio is presently 38.63%.

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.