Breton Hill Capital Ltd. Takes $371,000 Position in AptarGroup, Inc. (ATR)

Breton Hill Capital Ltd. purchased a new stake in AptarGroup, Inc. (NYSE:ATR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,299 shares of the industrial products company’s stock, valued at approximately $371,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cigna Investments Inc. New bought a new position in shares of AptarGroup in the second quarter valued at $206,000. Stewart & Patten Co. LLC bought a new position in shares of AptarGroup in the second quarter valued at $208,000. Rehmann Capital Advisory Group bought a new position in shares of AptarGroup in the second quarter valued at $213,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AptarGroup by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock valued at $217,000 after buying an additional 187 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of AptarGroup by 233.1% in the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock valued at $220,000 after buying an additional 4,428 shares in the last quarter. 91.72% of the stock is currently owned by institutional investors.

Shares of AptarGroup, Inc. (NYSE:ATR) traded up $0.15 during trading hours on Friday, reaching $84.91. 195,700 shares of the company’s stock traded hands, compared to its average volume of 259,296. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. AptarGroup, Inc. has a 52 week low of $70.75 and a 52 week high of $90.79. The firm has a market cap of $5,289.38, a P/E ratio of 25.73, a P/E/G ratio of 2.98 and a beta of 0.97.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The business had revenue of $624.33 million for the quarter, compared to analysts’ expectations of $599.31 million. During the same period in the previous year, the company posted $0.82 EPS. AptarGroup’s revenue was up 5.9% on a year-over-year basis. analysts expect that AptarGroup, Inc. will post 3.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 31st. AptarGroup’s dividend payout ratio is currently 37.43%.

In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the transaction, the director now directly owns 6,469 shares in the company, valued at approximately $531,298.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 3,780 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total transaction of $324,475.20. Following the transaction, the director now owns 3,336 shares in the company, valued at $286,362.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,910 shares of company stock worth $2,056,799. 5.30% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on ATR. Deutsche Bank AG reissued a “buy” rating and set a $90.00 target price (up from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and set a $92.00 target price on shares of AptarGroup in a research note on Thursday, July 20th. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their target price for the company from $70.00 to $77.00 in a research note on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $78.00 target price (down from $81.00) on shares of AptarGroup in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $84.57.

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About AptarGroup

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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