Portside Wealth Group LLC Decreases Position in AptarGroup, Inc. (NYSE:ATR)

Portside Wealth Group LLC trimmed its holdings in AptarGroup, Inc. (NYSE:ATR) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,813 shares of the industrial products company’s stock after selling 197 shares during the quarter. Portside Wealth Group LLC’s holdings in AptarGroup were worth $269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. raised its holdings in shares of AptarGroup by 116.9% in the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company’s stock worth $89,000 after buying an additional 325 shares during the period. Sendero Wealth Management LLC raised its holdings in shares of AptarGroup by 67.0% in the first quarter. Sendero Wealth Management LLC now owns 4,640 shares of the industrial products company’s stock worth $688,000 after buying an additional 1,861 shares during the period. Bridge Creek Capital Management LLC raised its holdings in shares of AptarGroup by 1.7% in the first quarter. Bridge Creek Capital Management LLC now owns 26,058 shares of the industrial products company’s stock worth $3,866,000 after buying an additional 445 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in shares of AptarGroup by 15.5% in the first quarter. Legacy Wealth Asset Management LLC now owns 6,311 shares of the industrial products company’s stock worth $936,000 after buying an additional 847 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of AptarGroup by 4.0% in the first quarter. Rhumbline Advisers now owns 205,398 shares of the industrial products company’s stock worth $30,477,000 after buying an additional 7,848 shares during the period. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 1,671 shares of AptarGroup stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the completion of the sale, the executive vice president now owns 11,088 shares of the company’s stock, valued at approximately $1,694,135.52. The trade was a 13.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephan B. Tanda sold 17,771 shares of AptarGroup stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total value of $2,687,686.04. Following the sale, the chief executive officer now directly owns 204,986 shares of the company’s stock, valued at approximately $31,002,082.64. This represents a 7.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,680 shares of company stock worth $6,983,798 in the last ninety days. 0.68% of the stock is owned by insiders.

AptarGroup Trading Up 0.6%

Shares of NYSE:ATR opened at $152.51 on Wednesday. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03. The business’s fifty day simple moving average is $150.10 and its 200-day simple moving average is $153.42. The company has a market capitalization of $10.07 billion, a PE ratio of 27.53, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The business had revenue of $887.31 million for the quarter, compared to the consensus estimate of $894.26 million. During the same period last year, the business posted $1.26 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.18%. AptarGroup’s dividend payout ratio (DPR) is 32.85%.

Analyst Upgrades and Downgrades

ATR has been the topic of several recent analyst reports. Raymond James reduced their price target on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised AptarGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $178.60.

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.