Credit Suisse AG lowered its position in AptarGroup, Inc. (NYSE:ATR) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,232 shares of the industrial products company’s stock after selling 16,045 shares during the quarter. Credit Suisse AG owned approximately 0.17% of AptarGroup worth $11,446,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in AptarGroup by 0.6% during the third quarter. BlackRock Inc. now owns 5,355,039 shares of the industrial products company’s stock worth $576,952,000 after buying an additional 32,146 shares during the period. JPMorgan Chase & Co. lifted its holdings in AptarGroup by 6.7% during the third quarter. JPMorgan Chase & Co. now owns 2,763,570 shares of the industrial products company’s stock worth $297,747,000 after buying an additional 174,391 shares during the period. FMR LLC lifted its holdings in AptarGroup by 50.8% during the third quarter. FMR LLC now owns 1,040,954 shares of the industrial products company’s stock worth $112,154,000 after buying an additional 350,558 shares during the period. Bank of New York Mellon Corp lifted its holdings in AptarGroup by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 1,022,903 shares of the industrial products company’s stock worth $110,209,000 after buying an additional 65,083 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in AptarGroup by 2.9% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 950,521 shares of the industrial products company’s stock worth $88,760,000 after buying an additional 26,859 shares during the period. 90.45% of the stock is currently owned by institutional investors.
In other news, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $104.92, for a total transaction of $2,623,000.00. Following the completion of the sale, the director now owns 110,105 shares in the company, valued at approximately $11,552,216.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.30% of the company’s stock.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, November 1st. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $665.78 million during the quarter, compared to analyst estimates of $673.54 million. AptarGroup had a return on equity of 18.42% and a net margin of 7.52%. AptarGroup’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Analysts anticipate that AptarGroup, Inc. will post 3.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, October 30th. This represents a $1.36 annualized dividend and a dividend yield of 1.36%. AptarGroup’s dividend payout ratio is presently 39.53%.
Separately, Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and an average price target of $105.13.
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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.
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