Hemenway Trust Co LLC Buys 4,589 Shares of AptarGroup, Inc. (NYSE:ATR)

Hemenway Trust Co LLC lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,512 shares of the industrial products company’s stock after purchasing an additional 4,589 shares during the period. AptarGroup accounts for 2.9% of Hemenway Trust Co LLC’s holdings, making the stock its 17th biggest position. Hemenway Trust Co LLC owned about 0.35% of AptarGroup worth $33,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of AptarGroup by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,146,231 shares of the industrial products company’s stock worth $893,565,000 after acquiring an additional 53,625 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of AptarGroup by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company’s stock worth $177,820,000 after purchasing an additional 21,545 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of AptarGroup by 0.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,077,577 shares of the industrial products company’s stock worth $155,053,000 after purchasing an additional 5,089 shares in the last quarter. Norges Bank acquired a new stake in shares of AptarGroup during the 4th quarter worth $89,855,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of AptarGroup by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 666,510 shares of the industrial products company’s stock worth $82,398,000 after purchasing an additional 8,534 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.

Insider Activity

In other news, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the transaction, the insider now owns 16,616 shares in the company, valued at $2,474,454.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Marc Prieur sold 3,200 shares of AptarGroup stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total transaction of $476,544.00. Following the sale, the insider now directly owns 16,616 shares in the company, valued at $2,474,454.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the sale, the insider now owns 9,379 shares in the company, valued at $1,360,799.11. The disclosure for this sale can be found here. Insiders have sold 8,659 shares of company stock worth $1,269,976 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Trading Up 0.6 %

NYSE ATR traded up $0.81 during trading hours on Thursday, hitting $142.10. 244,519 shares of the company’s stock were exchanged, compared to its average volume of 296,601. The stock has a 50-day simple moving average of $145.79 and a 200 day simple moving average of $139.54. AptarGroup, Inc. has a 1-year low of $115.77 and a 1-year high of $151.73. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 3.01 and a beta of 0.57. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.13. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm had revenue of $915.45 million during the quarter, compared to analysts’ expectations of $897.40 million. On average, equities analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.27%. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

Wall Street Analyst Weigh In

ATR has been the subject of several recent analyst reports. William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Wells Fargo & Company upped their price objective on AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, Robert W. Baird upped 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.

About AptarGroup

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.