Eagle Asset Management Inc. Buys 1,674 Shares of AptarGroup, Inc. (ATR)

Eagle Asset Management Inc. lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,730 shares of the industrial products company’s stock after acquiring an additional 1,674 shares during the quarter. Eagle Asset Management Inc. owned 0.08% of AptarGroup worth $4,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ATR. Cigna Investments Inc. New acquired a new position in AptarGroup in the second quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AptarGroup by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after buying an additional 187 shares during the period. Susquehanna International Group LLP boosted its stake in shares of AptarGroup by 233.1% during the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock worth $220,000 after buying an additional 4,428 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of AptarGroup during the second quarter worth about $243,000. Finally, Acrospire Investment Management LLC acquired a new stake in shares of AptarGroup during the second quarter worth about $243,000. 90.92% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on ATR shares. Zacks Investment Research downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Jefferies Group restated a “hold” rating and issued a $78.00 price objective on shares of AptarGroup in a research report on Thursday, August 31st. Robert W. Baird restated a “hold” rating and issued a $85.00 price objective on shares of AptarGroup in a research report on Thursday, October 12th. Finally, BidaskClub downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $84.57.

In other news, Director Maritza Gomez Montiel sold 3,780 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total transaction of $324,475.20. Following the completion of the transaction, the director now directly owns 3,336 shares of the company’s stock, valued at approximately $286,362.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Kuhn sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $87.43, for a total transaction of $437,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,910 shares of company stock valued at $6,745,469. 5.30% of the stock is currently owned by corporate insiders.

AptarGroup, Inc. (NYSE ATR) opened at $88.06 on Tuesday. AptarGroup, Inc. has a 1-year low of $71.44 and a 1-year high of $90.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The stock has a market cap of $5,456.94, a PE ratio of 26.55, a price-to-earnings-growth ratio of 3.08 and a beta of 0.95.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The company had revenue of $624.33 million during the quarter, compared to analysts’ expectations of $599.31 million. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. equities research analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.45%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.

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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.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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