Diversified Trust Co trimmed its stake in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) by 31.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,289 shares of the industrial products company’s stock after selling 2,381 shares during the quarter. Diversified Trust Co’s holdings in AptarGroup were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverview Trust Co raised its holdings in shares of AptarGroup by 53.1% during the fourth quarter. Riverview Trust Co now owns 375 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 130 shares during the period. Romano Brothers AND Company purchased a new position in AptarGroup during the fourth quarter valued at approximately $66,000. Benjamin Edwards Inc. grew its position in AptarGroup by 113.2% in the fourth quarter. Benjamin Edwards Inc. now owns 678 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 360 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in AptarGroup by 175.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 903 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 575 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in AptarGroup by 43.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,016 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 306 shares in the last quarter. 89.40% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on ATR shares. StockNews.com started coverage on shares of AptarGroup in a research note on Thursday, May 18th. They set a “buy” rating for the company. Bank of America upped their target price on shares of AptarGroup from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, April 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AptarGroup from $130.00 to $134.00 in a research note on Monday, May 1st. Finally, Robert W. Baird increased their price objective on shares of AptarGroup from $115.00 to $125.00 in a research note on Monday, May 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.
AptarGroup Trading Up 0.4 %
ATR stock opened at $114.06 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.93. The company has a fifty day moving average price of $117.26 and a two-hundred day moving average price of $114.53. AptarGroup, Inc. has a one year low of $90.23 and a one year high of $122.50. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 4.01 and a beta of 0.64.
AptarGroup (NYSE:ATR – Get Rating) last released its quarterly earnings data on Friday, April 28th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. AptarGroup had a net margin of 6.94% and a return on equity of 12.53%. The firm had revenue of $860.07 million during the quarter, compared to analysts’ expectations of $829.92 million. During the same period in the previous year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts anticipate that AptarGroup, Inc. will post 4.17 EPS for the current year.
AptarGroup Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 4th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. AptarGroup’s dividend payout ratio (DPR) is 43.80%.
Insiders Place Their Bets
In other news, insider Marc Prieur sold 6,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $119.00, for a total value of $714,000.00. Following the completion of the sale, the insider now owns 25,028 shares of the company’s stock, valued at $2,978,332. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.
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 three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures.