Cornerstone Capital Inc. Has $17.77 Million Position in AptarGroup, Inc. (ATR)

Cornerstone Capital Inc. increased its position in AptarGroup, Inc. (NYSE:ATR) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 205,845 shares of the industrial products company’s stock after purchasing an additional 2,915 shares during the quarter. AptarGroup makes up 3.1% of Cornerstone Capital Inc.’s holdings, making the stock its 12th largest position. Cornerstone Capital Inc. owned about 0.33% of AptarGroup worth $17,766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in AptarGroup by 8.8% in the 2nd quarter. Bank of Montreal Can now owns 10,147 shares of the industrial products company’s stock valued at $882,000 after acquiring an additional 819 shares during the period. Aperio Group LLC increased its holdings in shares of AptarGroup by 23.3% during the second quarter. Aperio Group LLC now owns 24,195 shares of the industrial products company’s stock worth $2,102,000 after purchasing an additional 4,565 shares during the period. NGAM Advisors L.P. bought a new position in shares of AptarGroup during the second quarter worth approximately $921,000. Great West Life Assurance Co. Can increased its holdings in shares of AptarGroup by 0.9% during the second quarter. Great West Life Assurance Co. Can now owns 36,826 shares of the industrial products company’s stock worth $3,198,000 after purchasing an additional 336 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of AptarGroup during the second quarter worth approximately $243,000. 91.00% of the stock is currently owned by institutional investors.

In other AptarGroup news, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maritza Gomez Montiel sold 3,780 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total transaction of $324,475.20. Following the completion of 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 77,910 shares of company stock worth $6,745,469. 5.30% of the stock is owned by corporate insiders.

Shares of AptarGroup, Inc. (ATR) opened at $86.43 on Wednesday. AptarGroup, Inc. has a 52 week low of $71.44 and a 52 week high of $90.79. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The firm has a market cap of $5,437.00, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, October 31st. AptarGroup’s dividend payout ratio is currently 37.43%.

Several analysts recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Robert W. Baird restated a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a research report on Thursday, October 12th. Jefferies Group restated a “hold” rating and issued a $78.00 target price on shares of AptarGroup in a research report on Thursday, August 31st. Finally, BidaskClub downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $84.57.

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AptarGroup Company Profile

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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