RMB Capital Management LLC boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,337 shares of the industrial products company’s stock after acquiring an additional 1,636 shares during the quarter. RMB Capital Management LLC owned about 0.10% of AptarGroup worth $7,722,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ATR. Raymond James Financial Services Advisors Inc. lifted its position in AptarGroup by 10.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,393 shares of the industrial products company’s stock worth $1,221,000 after acquiring an additional 970 shares during the period. HighTower Advisors LLC lifted its position in AptarGroup by 6.3% during the 1st quarter. HighTower Advisors LLC now owns 6,976 shares of the industrial products company’s stock worth $820,000 after acquiring an additional 416 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of AptarGroup by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,547 shares of the industrial products company’s stock valued at $4,539,000 after buying an additional 3,125 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of AptarGroup by 7.1% in the 1st quarter. Raymond James Trust N.A. now owns 4,632 shares of the industrial products company’s stock valued at $545,000 after buying an additional 308 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of AptarGroup by 0.4% in the 1st quarter. Sei Investments Co. now owns 122,797 shares of the industrial products company’s stock valued at $14,429,000 after buying an additional 484 shares during the period. 88.61% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on ATR shares. Bank of America reduced their price target on AptarGroup from $152.00 to $149.00 in a report on Monday, July 10th. Robert W. Baird raised their price target on AptarGroup from $115.00 to $125.00 in a report on Monday, May 1st. Deutsche Bank Aktiengesellschaft raised their price target on AptarGroup from $130.00 to $134.00 in a report on Monday, May 1st. Finally, StockNews.com started coverage on AptarGroup in a report on Thursday, August 17th. They issued a “buy” rating for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.83.
AptarGroup Price Performance
ATR stock traded up $1.22 during midday trading on Monday, hitting $128.76. 24,617 shares of the stock were exchanged, compared to its average volume of 244,335. The stock’s 50-day moving average price is $119.02 and its 200-day moving average price is $117.17. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 4.02 and a beta of 0.63. AptarGroup, Inc. has a fifty-two week low of $90.23 and a fifty-two week high of $129.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.97 and a current ratio of 1.47.
AptarGroup (NYSE:ATR – Get Free Report) last issued its quarterly earnings data on Friday, July 28th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.10. The firm had revenue of $895.91 million during the quarter, compared to analysts’ expectations of $898.89 million. AptarGroup had a return on equity of 13.04% and a net margin of 7.41%. AptarGroup’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. Research analysts predict that AptarGroup, Inc. will post 4.53 earnings per share for the current year.
AptarGroup Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, July 27th were given a dividend of $0.41 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $1.64 annualized dividend and a yield of 1.27%. AptarGroup’s dividend payout ratio (DPR) is presently 43.62%.
Insiders Place Their Bets
In other AptarGroup news, insider Hedi Tlili sold 2,989 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $125.23, for a total transaction of $374,312.47. Following the completion of the transaction, the insider now owns 9,379 shares of the company’s stock, valued at $1,174,532.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AptarGroup news, Director George L. Fotiades sold 7,940 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $122.01, for a total transaction of $968,759.40. Following the completion of the transaction, the director now owns 4,962 shares of the company’s stock, valued at $605,413.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hedi Tlili sold 2,989 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $125.23, for a total value of $374,312.47. Following the transaction, the insider now directly owns 9,379 shares of the company’s stock, valued at approximately $1,174,532.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,349 shares of company stock valued at $3,097,055. Corporate insiders own 1.20% 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.