Mondrian Investment Partners LTD lowered its position in AptarGroup, Inc. (NYSE:ATR) by 80.8% during the second quarter, Holdings Channel reports. The fund owned 46,636 shares of the industrial products company’s stock after selling 195,687 shares during the period. Mondrian Investment Partners LTD’s holdings in AptarGroup were worth $4,051,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of ATR. Toronto Dominion Bank boosted its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock worth $178,000 after buying an additional 335 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock worth $179,000 after buying an additional 240 shares in the last quarter. Huntington National Bank boosted its stake in shares of AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock worth $202,000 after buying an additional 117 shares in the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in shares of AptarGroup during the first quarter worth about $204,000. Institutional investors and hedge funds own 90.02% of the company’s stock.
Shares of AptarGroup, Inc. (NYSE:ATR) opened at 81.51 on Friday. The company has a market cap of $5.11 billion, a PE ratio of 23.97 and a beta of 0.96. The stock’s 50 day moving average price is $86.45 and its 200-day moving average price is $80.60. AptarGroup, Inc. has a one year low of $70.32 and a one year high of $90.79.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The firm had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. During the same period in the prior year, the firm earned $0.91 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, analysts expect that AptarGroup, Inc. will post $3.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, July 26th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, July 24th. AptarGroup’s dividend payout ratio is currently 37.54%.
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A number of equities research analysts have recently issued reports on the company. Deutsche Bank AG restated a “buy” rating and set a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. Vertical Group cut AptarGroup from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $68.00 to $70.00 in a report on Tuesday, May 2nd. Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BMO Capital Markets restated a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. Finally, BidaskClub cut AptarGroup from a “buy” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $81.83.
In related news, Director Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the transaction, the director now directly owns 107,700 shares of the company’s stock, valued at approximately $9,258,969. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ursula Saint-Leger sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $81.86, for a total transaction of $4,093,000.00. Following the completion of the transaction, the vice president now directly owns 60,042 shares of the company’s stock, valued at $4,915,038.12. The disclosure for this sale can be found here. Insiders have sold a total of 143,226 shares of company stock valued at $11,874,458 over the last three months. Insiders own 5.30% of the company’s stock.
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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