Royal Bank of Canada Grows Stake in AptarGroup, Inc. (ATR)

Royal Bank of Canada lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 21.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 252,969 shares of the industrial products company’s stock after buying an additional 44,548 shares during the quarter. Royal Bank of Canada owned approximately 0.40% of AptarGroup worth $21,972,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of AptarGroup by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock worth $515,346,000 after buying an additional 64,412 shares during the last quarter. BlackRock Inc. raised its stake in shares of AptarGroup by 5,710.7% during the 1st quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock worth $391,639,000 after buying an additional 4,999,339 shares during the last quarter. State Street Corp raised its stake in shares of AptarGroup by 12.5% during the 1st quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock worth $261,776,000 after buying an additional 377,227 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of AptarGroup by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after buying an additional 23,666 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of AptarGroup by 6.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after buying an additional 125,222 shares during the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.

AptarGroup, Inc. (ATR) opened at 88.47 on Wednesday. The company has a 50-day moving average of $85.14 and a 200 day moving average of $83.67. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79. The firm has a market cap of $5.55 billion, a P/E ratio of 26.02 and a beta of 0.96.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The business 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 business posted $0.91 earnings per share. AptarGroup’s revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that AptarGroup, Inc. will post $3.34 earnings per share for the current year.

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In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction dated 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 sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gael Touya sold 35,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of 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. Corporate insiders own 5.30% of the company’s stock.

ATR has been the subject of several research reports. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $79.00 price target on shares of AptarGroup in a research note on Sunday, July 2nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 price target (up previously from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BidaskClub downgraded AptarGroup from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Vertical Research raised AptarGroup from a “sell” rating to a “hold” rating and lifted their price target for the stock from $70.00 to $77.00 in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $81.40.

About AptarGroup

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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