Quest Partners LLC Buys 2,811 Shares of AptarGroup, Inc. (NYSE:ATR)

Quest Partners LLC raised its stake in AptarGroup, Inc. (NYSE:ATR) by 26.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,308 shares of the industrial products company’s stock after acquiring an additional 2,811 shares during the quarter. Quest Partners LLC’s holdings in AptarGroup were worth $1,874,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ATR. Rise Advisors LLC bought a new position in AptarGroup in the 1st quarter valued at about $25,000. Global Retirement Partners LLC increased its holdings in shares of AptarGroup by 8,850.0% during the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 177 shares during the period. Blue Trust Inc. increased its holdings in shares of AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares during the period. Gradient Investments LLC bought a new position in shares of AptarGroup during the second quarter worth approximately $40,000. Finally, Versant Capital Management Inc increased its holdings in shares of AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 299 shares during the period. 88.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Xiangwei Gong sold 800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the sale, the insider now owns 20,174 shares in the company, valued at approximately $2,956,701.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Xiangwei Gong sold 800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the sale, the insider now owns 20,174 shares in the company, valued at approximately $2,956,701.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the sale, the director now owns 8,839 shares in the company, valued at approximately $1,276,616.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,782 shares of company stock worth $6,603,941. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Up 1.1 %

Shares of ATR opened at $152.38 on Monday. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $153.44. The firm’s 50 day moving average is $145.96 and its 200-day moving average is $144.57. The stock has a market capitalization of $10.12 billion, a PE ratio of 32.70, a P/E/G ratio of 3.14 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 (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. The business had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.23 EPS. Equities research analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were given a dividend of $0.45 per share. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their target price on shares of AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a report 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.