Russell Investments Group Ltd. raised its position in shares of AptarGroup, Inc. (NYSE:ATR) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,778 shares of the industrial products company’s stock after purchasing an additional 6,678 shares during the period. Russell Investments Group Ltd. owned 0.09% of AptarGroup worth $4,728,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kwmg LLC grew its holdings in AptarGroup by 4.2% during the third quarter. Kwmg LLC now owns 22,503 shares of the industrial products company’s stock valued at $1,942,000 after purchasing an additional 917 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of AptarGroup by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock worth $68,225,000 after acquiring an additional 8,515 shares during the period. Rhumbline Advisers boosted its holdings in shares of AptarGroup by 6.3% in the third quarter. Rhumbline Advisers now owns 165,333 shares of the industrial products company’s stock worth $14,270,000 after acquiring an additional 9,810 shares during the period. Advisor Group Inc. boosted its holdings in shares of AptarGroup by 618.8% in the third quarter. Advisor Group Inc. now owns 7,828 shares of the industrial products company’s stock worth $675,000 after acquiring an additional 6,739 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of AptarGroup by 12.8% in the third quarter. New York State Common Retirement Fund now owns 280,987 shares of the industrial products company’s stock worth $24,252,000 after acquiring an additional 31,800 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.
In related news, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $86.12, for a total value of $2,153,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maritza Gomez Montiel sold 3,780 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $85.84, for a total value of $324,475.20. Following the completion of the sale, the director now owns 3,336 shares in the company, valued at approximately $286,362.24. The disclosure for this sale can be found here. Insiders sold 77,910 shares of company stock worth $6,745,469 in the last quarter. 5.30% of the stock is currently owned by company insiders.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The company had revenue of $624.33 million for the quarter, compared to the consensus estimate of $599.31 million. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. analysts expect that AptarGroup, Inc. will post 3.35 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were given 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 dividend yield of 1.48%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
A number of research firms have recently commented on ATR. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $85.00 price target on shares of AptarGroup in a report on Thursday, October 12th. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a report on Thursday, August 31st. Two 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 stock. The stock presently has an average rating of “Hold” and an average target price of $84.57.
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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