Victory Capital Management Inc. lowered its position in AptarGroup, Inc. (NYSE:ATR) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,708,753 shares of the industrial products company’s stock after selling 399,049 shares during the period. Victory Capital Management Inc. owned about 2.72% of AptarGroup worth $147,482,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cigna Investments Inc. New bought a new stake in AptarGroup during the second quarter valued at about $206,000. Stewart & Patten Co. LLC bought a new stake in AptarGroup during the second quarter valued at about $208,000. Rehmann Capital Advisory Group bought a new stake in AptarGroup during the second quarter valued at about $213,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AptarGroup by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 187 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in AptarGroup by 233.1% during the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 4,428 shares during the period. 92.39% of the stock is owned by institutional investors.
Several analysts have issued reports on ATR shares. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and set a $78.00 price target on shares of AptarGroup in a report on Thursday, August 31st. BidaskClub lowered AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Vertical Research raised AptarGroup from a “sell” rating to a “hold” rating and boosted their price target for the company from $70.00 to $77.00 in a report on Monday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $92.00 price target on shares of AptarGroup in a report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. AptarGroup has a consensus rating of “Hold” and an average price target of $84.57.
In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total transaction of $164,260.00. Following the sale, the director now directly owns 6,469 shares in the company, valued at approximately $531,298.97. The transaction 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 the firm’s stock in a transaction dated 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 sale, the insider now owns 39,556 shares in the company, valued at $3,421,198.44. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
AptarGroup, Inc. (ATR) opened at 87.67 on Wednesday. The stock has a 50 day moving average price of $87.41 and a 200-day moving average price of $84.90. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 25.79 and a beta of 0.96. AptarGroup, Inc. has a 1-year low of $70.43 and a 1-year high of $90.79.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. The business had revenue of $624.33 million during the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. On average, equities research analysts forecast that AptarGroup, Inc. will post $3.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. AptarGroup’s payout ratio is currently 37.43%.
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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