Picton Mahoney Asset Management Has $3.54 Million Stake in AptarGroup, Inc. (NYSE:ATR)

Picton Mahoney Asset Management grew its position in AptarGroup, Inc. (NYSE:ATR) by 2,465.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,145 shares of the industrial products company’s stock after purchasing an additional 24,165 shares during the quarter. Picton Mahoney Asset Management’s holdings in AptarGroup were worth $3,542,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ATR. Truist Financial Corp boosted its position in AptarGroup by 2.2% during the fourth quarter. Truist Financial Corp now owns 23,243 shares of the industrial products company’s stock valued at $2,873,000 after acquiring an additional 500 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in AptarGroup during the fourth quarter worth approximately $236,000. New York Life Investment Management LLC bought a new stake in AptarGroup in the fourth quarter worth approximately $848,000. Fisher Asset Management LLC lifted its stake in AptarGroup by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 30,168 shares of the industrial products company’s stock valued at $3,729,000 after buying an additional 266 shares during the period. Finally, Natixis Advisors L.P. boosted its holdings in shares of AptarGroup by 0.4% during the 4th quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock worth $3,037,000 after buying an additional 109 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AptarGroup

In other AptarGroup news, CFO Robert Kuhn sold 1,000 shares of AptarGroup stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $151.29, for a total transaction of $151,290.00. Following the completion of the transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,917,362.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Robert Kuhn sold 1,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $151.29, for a total value of $151,290.00. Following the completion of the sale, the chief financial officer now directly owns 65,552 shares of the company’s stock, valued at approximately $9,917,362.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total transaction of $121,085.25. Following the transaction, the executive vice president now directly owns 8,812 shares in the company, valued at $1,293,337.24. The disclosure for this sale can be found here. Insiders sold a total of 45,607 shares of company stock valued at $6,725,027 over the last three months. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Up 0.6 %

AptarGroup stock traded up $0.91 during midday trading on Friday, reaching $153.19. The stock had a trading volume of 178,473 shares, compared to its average volume of 262,409. The company has a fifty day moving average price of $145.22 and a two-hundred day moving average price of $144.08. The company has a market capitalization of $10.17 billion, a P/E ratio of 32.87, a PEG ratio of 3.15 and a beta of 0.57. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $153.44.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The company had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. During the same period in the prior year, the firm earned $1.23 earnings per share. AptarGroup’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts expect that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, July 25th. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price objective 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 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.