AptarGroup, Inc. (NYSE:ATR) Shares Purchased by State of Alaska Department of Revenue

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State of Alaska Department of Revenue lifted its stake in AptarGroup, Inc. (NYSE:ATR) by 68.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,386 shares of the industrial products company’s stock after purchasing an additional 4,639 shares during the period. State of Alaska Department of Revenue’s holdings in AptarGroup were worth $1,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its position in AptarGroup by 1.3% during the second quarter. Allianz Asset Management GmbH now owns 6,771 shares of the industrial products company’s stock valued at $842,000 after buying an additional 86 shares in the last quarter. MAI Capital Management lifted its position in AptarGroup by 4.5% during the second quarter. MAI Capital Management now owns 2,194 shares of the industrial products company’s stock valued at $273,000 after buying an additional 94 shares in the last quarter. Smith Salley & Associates lifted its position in AptarGroup by 3.9% during the second quarter. Smith Salley & Associates now owns 2,944 shares of the industrial products company’s stock valued at $366,000 after buying an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AptarGroup by 3.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,054 shares of the industrial products company’s stock worth $504,000 after purchasing an additional 141 shares in the last quarter. Finally, ETF Managers Group LLC lifted its position in shares of AptarGroup by 10.5% during the second quarter. ETF Managers Group LLC now owns 1,778 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.

Shares of NYSE:ATR opened at $116.33 on Friday. 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 company has a fifty day simple moving average of $118.94 and a 200 day simple moving average of $117.14. The firm has a market cap of $7.45 billion, a PE ratio of 29.08, a price-to-earnings-growth ratio of 2.69 and a beta of 0.72. AptarGroup, Inc. has a 12-month low of $88.26 and a 12-month high of $126.19.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $742.66 million during the quarter, compared to analyst estimates of $752.11 million. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. As a group, equities research analysts forecast that AptarGroup, Inc. will post 4.18 EPS for the current fiscal year.

In related news, Director Joanne C. Dr Smith sold 5,749 shares of AptarGroup stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $118.65, for a total value of $682,118.85. Following the completion of the sale, the director now owns 20,053 shares in the company, valued at $2,379,288.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

A number of research firms have recently commented on ATR. Morgan Stanley began coverage on shares of AptarGroup in a research report on Monday, July 8th. They set an “overweight” rating and a $144.00 target price on the stock. ValuEngine cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating and set a $126.00 target price on the stock. in a research report on Tuesday, September 10th. UBS Group boosted their target price on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. AptarGroup currently has an average rating of “Hold” and a consensus target price of $121.83.

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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