Retirement Systems of Alabama raised its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,208 shares of the industrial products company’s stock after purchasing an additional 485 shares during the period. Retirement Systems of Alabama owned 0.30% of AptarGroup worth $20,130,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ATR. FMR LLC grew its holdings in shares of AptarGroup by 92.3% during the fourth quarter. FMR LLC now owns 2,001,521 shares of the industrial products company’s stock valued at $188,283,000 after buying an additional 960,567 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in AptarGroup by 2,451.7% in the third quarter. Federated Investors Inc. PA now owns 610,990 shares of the industrial products company’s stock valued at $65,828,000 after purchasing an additional 587,046 shares during the last quarter. Norges Bank purchased a new stake in AptarGroup in the fourth quarter valued at $47,857,000. Bessemer Group Inc. raised its position in shares of AptarGroup by 105.4% in the fourth quarter. Bessemer Group Inc. now owns 817,478 shares of the industrial products company’s stock worth $76,900,000 after acquiring an additional 419,489 shares during the period. Finally, BlackRock Inc. raised its position in shares of AptarGroup by 3.3% in the fourth quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock worth $520,170,000 after acquiring an additional 174,573 shares during the period. 91.26% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Vertical Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. UBS Group set a $106.00 price objective on shares of AptarGroup and gave the stock a “hold” rating in a research report on Friday, January 18th. Finally, Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $105.78.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $685.03 million during the quarter, compared to the consensus estimate of $668.21 million. AptarGroup had a net margin of 7.04% and a return on equity of 18.66%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, sell-side analysts expect that AptarGroup, Inc. will post 4.24 earnings per share for the current fiscal year.
In other AptarGroup news, Director Stephen J. Hagge sold 3,634 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $101.28, for a total value of $368,051.52. Following the completion of the sale, the director now owns 70,671 shares in the company, valued at approximately $7,157,558.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.
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AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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