AptarGroup, Inc. (ATR) Stake Reduced by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC decreased its position in AptarGroup, Inc. (NYSE:ATR) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,264 shares of the industrial products company’s stock after selling 1,449 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in AptarGroup were worth $1,760,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Speece Thorson Capital Group Inc. boosted its position in AptarGroup by 2.9% in the first quarter. Speece Thorson Capital Group Inc. now owns 149,104 shares of the industrial products company’s stock worth $11,480,000 after buying an additional 4,165 shares during the period. BTIM Corp. boosted its position in AptarGroup by 13.5% in the first quarter. BTIM Corp. now owns 961,797 shares of the industrial products company’s stock worth $74,049,000 after buying an additional 114,371 shares during the period. Diversified Trust Co purchased a new position in AptarGroup during the first quarter worth about $257,000. Retirement Systems of Alabama boosted its position in AptarGroup by 32.6% in the first quarter. Retirement Systems of Alabama now owns 187,755 shares of the industrial products company’s stock worth $14,455,000 after buying an additional 46,111 shares during the period. Finally, Hermes Investment Management Ltd. boosted its position in AptarGroup by 1.4% in the first quarter. Hermes Investment Management Ltd. now owns 562,033 shares of the industrial products company’s stock worth $43,271,000 after buying an additional 7,973 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

AptarGroup, Inc. (NYSE ATR) traded up 0.02% during trading on Friday, hitting $82.15. 190,983 shares of the stock were exchanged. The firm’s 50-day moving average is $85.74 and its 200 day moving average is $81.00. The firm has a market cap of $5.15 billion, a PE ratio of 24.16 and a beta of 0.96. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. Analysts expect that AptarGroup, Inc. will post $3.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, July 26th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, July 24th. AptarGroup’s payout ratio is presently 37.54%.

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A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 target price (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BidaskClub cut AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $77.00 target price on shares of AptarGroup in a report on Thursday, June 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $81.83.

In other news, insider Salim Haffar sold 16,667 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $82.83, for a total transaction of $1,380,527.61. Following the completion of the sale, the insider now directly owns 38,093 shares of the company’s stock, valued at $3,155,243.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gael Touya sold 35,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the sale, the insider now directly owns 33,092 shares of the company’s stock, valued at $2,688,725. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,667 shares of company stock valued at $7,569,548. 5.30% of the stock is currently owned by insiders.

AptarGroup Company Profile

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.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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