Morgan Dempsey Capital Management LLC raised its position in AptarGroup, Inc. (NYSE:ATR) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,673 shares of the industrial products company’s stock after acquiring an additional 1,409 shares during the period. Morgan Dempsey Capital Management LLC owned approximately 34,793.71% of AptarGroup worth $1,858,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of ATR. Robeco Institutional Asset Management B.V. acquired a new position in AptarGroup during the second quarter valued at $11,525,000. Chemical Bank acquired a new position in AptarGroup during the second quarter valued at $313,000. Morgan Stanley increased its holdings in AptarGroup by 28.0% in the first quarter. Morgan Stanley now owns 148,665 shares of the industrial products company’s stock valued at $11,446,000 after buying an additional 32,552 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in AptarGroup by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 547,856 shares of the industrial products company’s stock valued at $42,179,000 after buying an additional 42,712 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in AptarGroup by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock valued at $235,197,000 after buying an additional 23,666 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.
In related news, insider Salim Haffar sold 18,130 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the sale, the insider now directly owns 39,556 shares of the company’s stock, valued at approximately $3,421,198.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $86.12, for a total transaction of $2,153,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,910 shares of company stock worth $4,045,539. 5.30% of the stock is owned by insiders.
Shares of AptarGroup, Inc. (NYSE:ATR) traded up $0.40 during mid-day trading on Friday, hitting $86.25. 108,243 shares of the stock traded hands, compared to its average volume of 279,926. 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 $71.44 and a 52-week high of $90.79. The firm has a market cap of $5,347.92, a price-to-earnings ratio of 26.01, a P/E/G ratio of 3.02 and a beta of 0.97.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping 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 firm had revenue of $624.33 million for the quarter, compared to the consensus estimate of $599.31 million. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts forecast that AptarGroup, Inc. will post 3.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, October 31st. AptarGroup’s payout ratio is currently 37.43%.
ATR has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. BidaskClub cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective (down previously from $81.00) on shares of AptarGroup in a research note on Monday, July 31st. Finally, Vertical Research upgraded 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 report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and an average price target of $84.57.
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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.
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