Bbva Compass Bancshares Inc. decreased its stake in AptarGroup, Inc. (NYSE:ATR) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,997 shares of the industrial products company’s stock after selling 330 shares during the period. Bbva Compass Bancshares Inc.’s holdings in AptarGroup were worth $347,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATR. Wetherby Asset Management Inc. raised its position in AptarGroup by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 7,493 shares of the industrial products company’s stock valued at $577,000 after buying an additional 25 shares during the period. Mycio Wealth Partners LLC raised its position in AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock valued at $478,000 after buying an additional 26 shares during the period. Opus Capital Group LLC raised its position in AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock valued at $391,000 after buying an additional 30 shares during the period. Toronto Dominion Bank raised its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock valued at $274,000 after buying an additional 31 shares during the period. 90.49% of the stock is currently owned by institutional investors.
AptarGroup, Inc. (ATR) traded up 0.02% during mid-day trading on Friday, reaching $82.15. The company’s stock had a trading volume of 190,983 shares. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79. The firm has a market capitalization of $5.15 billion, a P/E ratio of 24.16 and a beta of 0.96. The firm’s 50 day moving average price is $85.74 and its 200 day moving average price is $81.00.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.05. The business had revenue of $617.75 million during the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. On average, analysts anticipate that AptarGroup, Inc. will post $3.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, July 26th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, July 24th. AptarGroup’s dividend payout ratio is presently 37.54%.
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Several research firms have commented on ATR. BidaskClub lowered AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $77.00 target price on shares of AptarGroup in a report on Thursday, June 8th. Vertical Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BMO Capital Markets reissued a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.83.
In related news, Director King W. Harris sold 14,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $85.43, for a total transaction of $1,196,020.00. Following the completion of the sale, the director now directly owns 189,974 shares in the company, valued at $16,229,478.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gael Touya sold 35,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the sale, the insider now owns 33,092 shares of the company’s stock, valued at $2,688,725. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,667 shares of company stock valued at $7,569,548. Corporate insiders own 5.30% of the company’s stock.
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.
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