Cubist Systematic Strategies LLC reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 68.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,508 shares of the industrial products company’s stock after selling 5,450 shares during the period. Cubist Systematic Strategies LLC’s holdings in AptarGroup were worth $216,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of ATR. Schwab Charles Investment Management Inc. increased its holdings in AptarGroup by 40.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 385,564 shares of the industrial products company’s stock worth $33,491,000 after purchasing an additional 111,356 shares in the last quarter. American Century Companies Inc. bought a new stake in AptarGroup during the 2nd quarter worth approximately $2,750,000. Prudential Financial Inc. increased its holdings in AptarGroup by 33.8% during the 2nd quarter. Prudential Financial Inc. now owns 64,534 shares of the industrial products company’s stock worth $5,605,000 after purchasing an additional 16,290 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AptarGroup by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 187 shares in the last quarter. Finally, Swiss National Bank increased its holdings in AptarGroup by 1.0% during the 2nd quarter. Swiss National Bank now owns 104,400 shares of the industrial products company’s stock worth $9,068,000 after purchasing an additional 1,000 shares in the last quarter. 90.85% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on ATR. Zacks Investment Research lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating and set a $85.00 price objective on shares of AptarGroup in a report on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $84.57.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.03. The company 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%. AptarGroup’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current year.
In other news, Director Maritza Gomez Montiel sold 3,780 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,336 shares of the company’s stock, valued at $286,362.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Kuhn sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value 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.
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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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