AptarGroup, Inc. (NYSE:ATR) Position Boosted by Page Arthur B

Page Arthur B increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,494 shares of the industrial products company’s stock after buying an additional 185 shares during the period. AptarGroup comprises 2.6% of Page Arthur B’s holdings, making the stock its 17th largest position. Page Arthur B owned approximately 0.06% of AptarGroup worth $2,996,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ATR. Vanguard Group Inc. boosted its stake in AptarGroup by 6.4% in the first quarter. Vanguard Group Inc. now owns 5,868,657 shares of the industrial products company’s stock valued at $451,828,000 after buying an additional 355,044 shares during the last quarter. BlackRock Inc. boosted its stake in AptarGroup by 5,710.7% in the first quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock valued at $391,639,000 after buying an additional 4,999,339 shares during the last quarter. State Street Corp boosted its stake in AptarGroup by 12.5% in the first quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock valued at $261,776,000 after buying an additional 377,227 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AptarGroup by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,684,112 shares of the industrial products company’s stock valued at $206,649,000 after buying an additional 282,994 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in AptarGroup by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,982,580 shares of the industrial products company’s stock valued at $152,639,000 after buying an additional 201,372 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Shares of AptarGroup, Inc. (ATR) traded up 0.02% on Friday, hitting $82.15. The stock had a trading volume of 190,983 shares. The firm has a 50-day moving average of $85.74 and a 200 day moving average of $81.00. The company has a market capitalization of $5.15 billion, a PE ratio of 24.16 and a beta of 0.96. AptarGroup, Inc. has a 1-year low of $70.32 and a 1-year high of $90.79.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that AptarGroup, Inc. will post $3.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, July 24th. AptarGroup’s dividend payout ratio is presently 37.54%.

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ATR has been the subject of several recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $79.00 target price on shares of AptarGroup in a research note on Sunday, July 2nd. BidaskClub cut AptarGroup from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and set a $78.00 target price (down from $81.00) on shares of AptarGroup in a research note on Monday, July 31st. Finally, Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and upped their target price for the stock from $70.00 to $77.00 in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. AptarGroup presently has an average rating of “Hold” and an average price target of $81.83.

In other news, Director King W. Harris sold 14,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $85.43, for a total transaction of $1,196,020.00. Following the completion of the transaction, the director now directly owns 189,974 shares of the company’s stock, valued at $16,229,478.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the transaction, the director now directly owns 107,700 shares of the company’s stock, valued at $9,258,969. The disclosure for this sale can be found here. Insiders sold 90,667 shares of company stock valued at $7,569,548 over the last three months. 5.30% of the stock is currently owned by insiders.

AptarGroup Company Profile

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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