Tower Research Capital LLC TRC Raises Stock Position in AptarGroup, Inc. (NYSE:ATR)

Tower Research Capital LLC TRC increased its stake in AptarGroup, Inc. (NYSE:ATR) by 19.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,639 shares of the industrial products company’s stock after acquiring an additional 600 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AptarGroup were worth $452,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Krane Funds Advisors LLC purchased a new stake in AptarGroup in the 2nd quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new stake in AptarGroup in the 2nd quarter worth $44,000. Hilton Capital Management LLC purchased a new stake in AptarGroup in the 1st quarter worth $132,000. NN Investment Partners Holdings N.V. purchased a new stake in AptarGroup in the 2nd quarter worth $179,000. Finally, NEXT Financial Group Inc purchased a new stake in AptarGroup in the 2nd quarter worth $178,000. 89.20% of the stock is owned by institutional investors.

ATR traded down $0.20 on Thursday, hitting $118.10. 2,890 shares of the company’s stock were exchanged, compared to its average volume of 212,162. AptarGroup, Inc. has a fifty-two week low of $88.26 and a fifty-two week high of $126.19. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $120.10 and a 200-day moving average price of $115.37. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 2.69 and a beta of 0.75.

AptarGroup (NYSE:ATR) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The company had revenue of $742.66 million for the quarter, compared to analysts’ expectations of $752.11 million. During the same quarter in the previous year, the company posted $1.09 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that AptarGroup, Inc. will post 4.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, July 30th. This represents a $1.44 annualized dividend and a yield of 1.22%. AptarGroup’s dividend payout ratio (DPR) is presently 36.00%.

ATR has been the topic of several recent research reports. Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating and set a $126.00 target price on the stock. in a research note on Tuesday, September 10th. ValuEngine cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group lifted their target price on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley initiated coverage on shares of AptarGroup in a research note on Monday, July 8th. They set an “overweight” rating and a $144.00 target price on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $121.83.

In other AptarGroup news, insider Marc Prieur sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $121.27, for a total transaction of $242,540.00. Following the sale, the insider now owns 5,760 shares of the company’s stock, valued at approximately $698,515.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

AptarGroup Profile

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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