Garrison Asset Management LLC lessened its position in shares of AptarGroup, Inc. (NYSE:ATR) by 0.6% during the 1st quarter, Holdings Channel reports. The firm owned 41,224 shares of the industrial products company’s stock after selling 269 shares during the quarter. AptarGroup comprises 2.3% of Garrison Asset Management LLC’s portfolio, making the stock its 11th largest holding. Garrison Asset Management LLC’s holdings in AptarGroup were worth $4,386,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of AptarGroup by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock valued at $520,170,000 after buying an additional 174,573 shares during the period. Paloma Partners Management Co acquired a new position in AptarGroup in the 4th quarter worth about $498,000. Brown Advisory Inc. acquired a new position in AptarGroup in the 4th quarter worth about $588,000. Bahl & Gaynor Inc. raised its holdings in AptarGroup by 1.4% in the 4th quarter. Bahl & Gaynor Inc. now owns 25,575 shares of the industrial products company’s stock worth $2,406,000 after purchasing an additional 360 shares during the period. Finally, Millennium Management LLC raised its holdings in AptarGroup by 64.1% in the 4th quarter. Millennium Management LLC now owns 165,194 shares of the industrial products company’s stock worth $15,540,000 after purchasing an additional 64,550 shares during the period. 90.30% of the stock is owned by institutional investors and hedge funds.
Shares of AptarGroup stock traded up $0.10 during mid-day trading on Wednesday, reaching $113.08. 12,690 shares of the stock traded hands, compared to its average volume of 200,803. AptarGroup, Inc. has a fifty-two week low of $88.26 and a fifty-two week high of $115.52. The stock has a market capitalization of $7.13 billion, a P/E ratio of 28.27, a PEG ratio of 2.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.13 and a quick ratio of 1.51.
AptarGroup (NYSE:ATR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The business had revenue of $744.46 million during the quarter, compared to analysts’ expectations of $743.68 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that AptarGroup, Inc. will post 4.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from AptarGroup’s previous quarterly dividend of $0.34. AptarGroup’s dividend payout ratio is presently 36.00%.
A number of research firms recently weighed in on ATR. Deutsche Bank reaffirmed a “buy” rating and issued a $124.00 price target on shares of AptarGroup in a report on Thursday, May 2nd. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Bank of America reaffirmed an “underperform” rating and issued a $100.00 price target (up previously from $87.00) on shares of AptarGroup in a report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of AptarGroup in a report on Thursday, February 21st. Finally, Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $106.78.
In other news, Director Stephen J. Hagge sold 3,634 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $101.28, for a total value of $368,051.52. Following the completion of the sale, the director now directly owns 70,671 shares in the company, valued at $7,157,558.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eldon W. Schaffer II sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $113.80, for a total value of $2,276,000.00. Following the completion of the sale, the insider now owns 65,115 shares of the company’s stock, valued at $7,410,087. The disclosure for this sale can be found here. Insiders have sold 28,634 shares of company stock valued at $3,210,802 in the last three months. Insiders own 3.00% of the company’s stock.
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AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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