Amalgamated Bank Trims Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Amalgamated Bank decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,244 shares of the industrial products company’s stock after selling 530 shares during the quarter. Amalgamated Bank’s holdings in AptarGroup were worth $5,346,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC increased its holdings in AptarGroup by 4.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 3,232 shares of the industrial products company’s stock worth $400,000 after acquiring an additional 125 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in AptarGroup by 0.4% in the 4th quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock valued at $3,037,000 after purchasing an additional 109 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in AptarGroup by 0.9% in the 4th quarter. Fisher Asset Management LLC now owns 30,168 shares of the industrial products company’s stock valued at $3,729,000 after purchasing an additional 266 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in AptarGroup during the 4th quarter worth $848,000. Finally, ICW Investment Advisors LLC grew its holdings in shares of AptarGroup by 1.6% during the fourth quarter. ICW Investment Advisors LLC now owns 7,891 shares of the industrial products company’s stock worth $975,000 after buying an additional 127 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the sale, the director now owns 9,648 shares in the company, valued at $1,374,357.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,134 shares of company stock valued at $5,990,627. Company insiders own 1.00% of the company’s stock.

AptarGroup Trading Up 1.5 %

Shares of ATR opened at $149.06 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $141.69 and a 200 day moving average price of $133.01. AptarGroup, Inc. has a 12-month low of $111.63 and a 12-month high of $149.08. The firm has a market capitalization of $9.88 billion, a P/E ratio of 31.99, a P/E/G ratio of 3.93 and a beta of 0.57.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Sell-side analysts forecast that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio is presently 35.19%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ATR shares. Wells Fargo & Company boosted their price target on shares of AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Finally, Robert W. Baird lifted their price objective on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.