Meadow Creek Investment Management LLC Increases Holdings in AptarGroup, Inc. (NYSE:ATR)

Meadow Creek Investment Management LLC grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 48.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,520 shares of the industrial products company’s stock after buying an additional 3,776 shares during the period. Meadow Creek Investment Management LLC’s holdings in AptarGroup were worth $1,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in AptarGroup by 1.4% during the 1st quarter. BlackRock Inc. now owns 5,607,209 shares of the industrial products company’s stock worth $596,549,000 after buying an additional 77,597 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in AptarGroup by 4.6% during the 1st quarter. Champlain Investment Partners LLC now owns 1,649,865 shares of the industrial products company’s stock worth $175,529,000 after buying an additional 72,650 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in AptarGroup by 10.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,322,800 shares of the industrial products company’s stock worth $140,733,000 after buying an additional 122,600 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AptarGroup by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,130,555 shares of the industrial products company’s stock worth $140,573,000 after buying an additional 24,872 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in AptarGroup by 0.4% during the 2nd quarter. Bessemer Group Inc. now owns 953,868 shares of the industrial products company’s stock worth $118,605,000 after buying an additional 4,061 shares during the last quarter. 89.22% of the stock is owned by institutional investors.

A number of brokerages have issued reports on ATR. UBS Group lifted their price target on AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Thursday, August 1st. Morgan Stanley assumed coverage on AptarGroup in a report on Monday, July 8th. They issued an “overweight” rating and a $144.00 target price for the company. Finally, Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating and set a $126.00 target price for the company. in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $121.83.

In related news, insider Marc Prieur sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total value of $242,540.00. Following the transaction, the insider now owns 5,760 shares in the company, valued at approximately $698,515.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gael Touya sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total value of $1,199,300.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Shares of AptarGroup stock traded up $0.30 on Friday, hitting $118.35. The stock had a trading volume of 124,238 shares, compared to its average volume of 220,455. AptarGroup, Inc. has a 52-week low of $88.26 and a 52-week high of $126.19. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 2.75 and a beta of 0.75. The company’s 50 day moving average price is $120.87 and its 200 day moving average price is $114.89.

AptarGroup (NYSE:ATR) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. AptarGroup had a return on equity of 18.51% and a net margin of 7.63%. The business had revenue of $742.66 million during the quarter, compared to the consensus estimate of $752.11 million. During the same period in the previous year, the business earned $1.09 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts predict that AptarGroup, Inc. will post 4.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, July 30th. AptarGroup’s payout ratio is currently 36.00%.

About AptarGroup

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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