Reynders McVeigh Capital Management LLC decreased its position in AptarGroup, Inc. (NYSE:ATR) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,826 shares of the industrial products company’s stock after selling 19,930 shares during the quarter. AptarGroup makes up 2.1% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 17th biggest position. Reynders McVeigh Capital Management LLC owned approximately 0.30% of AptarGroup worth $16,206,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ATR. Schwab Charles Investment Management Inc. boosted its position in AptarGroup by 5.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 404,839 shares of the industrial products company’s stock worth $34,942,000 after purchasing an additional 19,275 shares during the last quarter. Rhumbline Advisers lifted its position in shares of AptarGroup by 6.3% during the 3rd quarter. Rhumbline Advisers now owns 165,333 shares of the industrial products company’s stock valued at $14,270,000 after buying an additional 9,810 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of AptarGroup by 1.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 97,061 shares of the industrial products company’s stock valued at $8,377,000 after buying an additional 1,320 shares in the last quarter. Jane Street Group LLC lifted its position in shares of AptarGroup by 48.3% during the 3rd quarter. Jane Street Group LLC now owns 5,492 shares of the industrial products company’s stock valued at $474,000 after buying an additional 1,789 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of AptarGroup by 21.4% during the 2nd quarter. Royal Bank of Canada now owns 252,969 shares of the industrial products company’s stock valued at $21,972,000 after buying an additional 44,548 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
In related news, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $87.43, for a total transaction of $437,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $86.12, for a total value of $2,153,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,000 shares of company stock worth $4,852,930. Corporate insiders own 5.30% of the company’s stock.
A number of research analysts have recently weighed in on ATR shares. Zacks Investment Research raised AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, January 31st. Wells Fargo & Co reissued a “market perform” rating and issued a $90.00 price target (up from $83.00) on shares of AptarGroup in a report on Wednesday. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. AptarGroup has an average rating of “Hold” and an average target price of $84.50.
AptarGroup, Inc. (NYSE ATR) traded down $0.88 during trading hours on Wednesday, reaching $88.84. The company’s stock had a trading volume of 50,509 shares, compared to its average volume of 298,814. The company has a market cap of $5,590.00, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.88. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. AptarGroup, Inc. has a 1-year low of $72.86 and a 1-year high of $92.32.
AptarGroup (NYSE:ATR) last released its earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm had revenue of $625.90 million for the quarter, compared to the consensus estimate of $577.17 million. AptarGroup had a return on equity of 17.04% and a net margin of 8.91%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS. equities research analysts expect that AptarGroup, Inc. will post 3.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, January 30th. AptarGroup’s dividend payout ratio is currently 37.54%.
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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.
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