Sanctuary Advisors LLC Buys Shares of 7,581 AptarGroup, Inc. (NYSE:ATR)

Sanctuary Advisors LLC bought a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,581 shares of the industrial products company's stock, valued at approximately $1,087,000.

Several other institutional investors and hedge funds have also made changes to their positions in ATR. Rise Advisors LLC purchased a new stake in shares of AptarGroup in the 1st quarter valued at about $25,000. Blue Trust Inc. lifted its holdings in shares of AptarGroup by 281.0% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 177 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of AptarGroup in the 2nd quarter valued at about $40,000. Versant Capital Management Inc lifted its holdings in shares of AptarGroup by 4,983.3% in the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 299 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of AptarGroup in the 1st quarter valued at about $52,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

AptarGroup Stock Up 1.4 %

ATR opened at $161.47 on Friday. The business has a 50 day moving average price of $152.02 and a two-hundred day moving average price of $147.05. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The company has a market cap of $10.70 billion, a PE ratio of 34.65, a P/E/G ratio of 3.29 and a beta of 0.58. AptarGroup, Inc. has a 52 week low of $120.36 and a 52 week high of $161.92.

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

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.11%. AptarGroup's dividend payout ratio is presently 38.63%.

AptarGroup announced that its board has authorized a share repurchase program on Thursday, October 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,430,672.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the transaction, the insider now owns 9,379 shares in the company, valued at $1,430,672.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,457 shares of company stock worth $7,314,030. Company insiders own 1.00% of the company's stock.

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.