Gradient Investments LLC Buys Shares of 284 AptarGroup, Inc. (NYSE:ATR)

Gradient Investments LLC purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR) in the second quarter, HoldingsChannel.com reports. The fund purchased 284 shares of the industrial products company’s stock, valued at approximately $40,000.

Several other institutional investors have also modified their holdings of ATR. Norges Bank purchased a new stake in shares of AptarGroup in the 4th quarter worth about $89,855,000. Schroder Investment Management Group lifted its holdings in shares of AptarGroup by 93.1% in the fourth quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company’s stock valued at $36,569,000 after purchasing an additional 142,623 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of AptarGroup by 369.7% in the first quarter. Assenagon Asset Management S.A. now owns 156,472 shares of the industrial products company’s stock valued at $22,515,000 after purchasing an additional 123,161 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of AptarGroup by 3,141.5% during the 4th quarter. Bank of Nova Scotia now owns 109,983 shares of the industrial products company’s stock worth $13,596,000 after purchasing an additional 106,590 shares in the last quarter. Finally, Perbak Capital Partners LLP acquired a new position in shares of AptarGroup during the 1st quarter worth approximately $6,791,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the transaction, the insider now directly owns 20,174 shares in the company, valued at $2,956,701.44. The disclosure for this sale can be found here. Insiders have sold a total of 42,747 shares of company stock worth $6,292,792 in the last three months. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Down 0.2 %

Shares of NYSE ATR opened at $146.72 on Friday. The firm has a market cap of $9.72 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.03 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup, Inc. has a 1 year low of $120.36 and a 1 year high of $151.73. The firm’s 50 day moving average price is $144.38 and its 200 day moving average price is $142.87.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The business had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s dividend payout ratio is currently 38.63%.

Analyst Upgrades and Downgrades

ATR has been the topic of a number of analyst reports. Robert W. Baird increased their target price on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company boosted their target price on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th.

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.