Raymond James & Associates cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 11.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,520 shares of the industrial products company's stock after selling 10,832 shares during the period. Raymond James & Associates owned 0.13% of AptarGroup worth $13,379,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ATR. Mawer Investment Management Ltd. lifted its position in AptarGroup by 111.0% during the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company's stock valued at $151,394,000 after acquiring an additional 565,511 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of AptarGroup by 182.1% in the third quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company's stock worth $86,315,000 after buying an additional 347,800 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of AptarGroup by 35.9% in the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company's stock worth $113,395,000 after buying an additional 212,886 shares during the last quarter. Millennium Management LLC raised its holdings in shares of AptarGroup by 36.2% in the second quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company's stock worth $73,179,000 after buying an additional 138,134 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of AptarGroup in the second quarter worth $17,263,000. 88.52% of the stock is currently owned by institutional investors.
AptarGroup Stock Performance
Shares of AptarGroup stock traded up $0.19 during trading on Monday, hitting $169.10. 349,962 shares of the company's stock were exchanged, compared to its average volume of 292,918. 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 simple moving average of $156.93 and a 200-day simple moving average of $149.04. AptarGroup, Inc. has a 52-week low of $120.85 and a 52-week high of $171.41. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 3.29 and a beta of 0.58.
AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings results 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 company had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. On average, research analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current year.
AptarGroup declared that its Board of Directors has approved a share buyback program on Thursday, October 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.
AptarGroup Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a $0.45 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.06%. AptarGroup's dividend payout ratio (DPR) is 38.63%.
Insider Activity
In other AptarGroup news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the transaction, the insider now directly owns 20,174 shares of the company's stock, valued at $2,956,701.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Gael Touya sold 3,300 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the transaction, the insider now owns 32,165 shares in the company, valued at approximately $4,876,857.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Xiangwei Gong sold 800 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 20,174 shares of the company's stock, valued at approximately $2,956,701.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,457 shares of company stock worth $2,592,110 over the last 90 days. 1.00% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of AptarGroup from $168.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and raised their price target for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Finally, Robert W. Baird raised their price target on shares of AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $195.00.
Get Our Latest Stock Report on ATR
About AptarGroup
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Free Report)
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.
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