Sei Investments Co. lessened its position in AptarGroup, Inc. (NYSE:ATR) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,651 shares of the industrial products company’s stock after selling 16,458 shares during the quarter. Sei Investments Co. owned approximately 0.35% of AptarGroup worth $20,575,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Great Lakes Advisors LLC increased its position in shares of AptarGroup by 0.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 20 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of AptarGroup by 1.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 30 shares during the last quarter. Citigroup Inc. increased its position in shares of AptarGroup by 0.5% during the 2nd quarter. Citigroup Inc. now owns 6,323 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 34 shares during the last quarter. Advisory Services Network LLC increased its position in shares of AptarGroup by 1.1% during the 2nd quarter. Advisory Services Network LLC now owns 4,464 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 50 shares during the last quarter. Finally, Advisor Partners LLC increased its position in shares of AptarGroup by 0.8% during the 2nd quarter. Advisor Partners LLC now owns 6,875 shares of the industrial products company’s stock worth $597,000 after purchasing an additional 53 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.
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In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the completion of the transaction, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Salim Haffar sold 18,130 shares of AptarGroup stock in a transaction on Monday, October 30th. The shares were sold at an average price of $86.49, for a total value of $1,568,063.70. Following the completion of the transaction, the insider now directly owns 39,556 shares of the company’s stock, valued at $3,421,198.44. The disclosure for this sale can be found here. Insiders sold a total of 23,910 shares of company stock valued at $2,056,799 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $85.59 on Tuesday. The stock has a market capitalization of $5,289.37, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.98 and a beta of 0.97. AptarGroup, Inc. has a one year low of $71.44 and a one year high of $90.79. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $624.33 million during the quarter, compared to the consensus estimate of $599.31 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. equities analysts predict that AptarGroup, Inc. will post 3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.28 annualized dividend and a yield of 1.50%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
Several research firms have weighed in on ATR. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Friday, September 22nd. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 target price (up from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. Robert W. Baird reiterated a “hold” rating and set a $85.00 target price on shares of AptarGroup in a research note on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and set a $92.00 target price on shares of AptarGroup in a research note on Thursday, July 20th. Finally, BidaskClub downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $84.57.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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