Eagle Asset Management Inc. Raises Position in AptarGroup, Inc. (ATR)

Eagle Asset Management Inc. boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 1.9% in the third quarter, Holdings Channel reports. The institutional investor owned 75,663 shares of the industrial products company’s stock after buying an additional 1,394 shares during the period. Eagle Asset Management Inc.’s holdings in AptarGroup were worth $8,151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in AptarGroup by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock worth $89,442,000 after purchasing an additional 182,471 shares during the last quarter. Meadow Creek Investment Management LLC raised its holdings in AptarGroup by 15.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,912 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 640 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in AptarGroup by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,624 shares of the industrial products company’s stock worth $806,000 after purchasing an additional 697 shares during the last quarter. Alpine Woods Capital Investors LLC raised its holdings in AptarGroup by 89.9% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 5,704 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Strs Ohio bought a new position in AptarGroup during the 2nd quarter worth approximately $435,000. Institutional investors and hedge funds own 90.33% of the company’s stock.

In related news, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $104.31, for a total value of $2,607,750.00. Following the completion of the sale, the director now owns 110,105 shares of the company’s stock, valued at approximately $11,485,052.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Monnas Giovanna Kampouri sold 12,667 shares of AptarGroup stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $105.45, for a total transaction of $1,335,735.15. Following the completion of the sale, the director now directly owns 11,040 shares of the company’s stock, valued at approximately $1,164,168. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,667 shares of company stock valued at $6,566,485. Insiders own 5.30% of the company’s stock.

Shares of ATR stock opened at $103.90 on Friday. The company has a market cap of $6.50 billion, a PE ratio of 26.67, a P/E/G ratio of 3.10 and a beta of 0.79. AptarGroup, Inc. has a 52 week low of $79.97 and a 52 week high of $112.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.87 and a quick ratio of 1.34.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $665.78 million during the quarter, compared to the consensus estimate of $673.54 million. AptarGroup had a net margin of 7.52% and a return on equity of 18.42%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. On average, sell-side analysts expect that AptarGroup, Inc. will post 3.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, October 30th. AptarGroup’s dividend payout ratio (DPR) is 39.53%.

ATR has been the subject of several analyst reports. Deutsche Bank set a $115.00 price target on shares of AptarGroup and gave the stock a “buy” rating in a report on Monday, July 30th. ValuEngine upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Monday, October 1st. BMO Capital Markets raised their price objective on shares of AptarGroup from $92.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co raised their price objective on shares of AptarGroup from $93.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. AptarGroup presently has an average rating of “Hold” and a consensus price target of $105.13.

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AptarGroup 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 in three segments: Beauty + Home, Pharma, and Food + Beverage.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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