Hoylecohen LLC acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,500 shares of the industrial products company’s stock, valued at approximately $1,682,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Zions Bancorporation acquired a new position in AptarGroup in the third quarter worth approximately $187,000. Vident Investment Advisory LLC purchased a new position in AptarGroup during the 3rd quarter worth approximately $221,000. Centiva Capital LP purchased a new position in AptarGroup during the 4th quarter worth approximately $235,000. Dean Capital Investments Management LLC acquired a new stake in shares of AptarGroup during the 4th quarter valued at $273,000. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of AptarGroup by 47.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 3,555 shares of the industrial products company’s stock valued at $307,000 after buying an additional 1,150 shares during the period. Institutional investors and hedge funds own 92.24% of the company’s stock.
In other news, insider Ursula Saint-Leger sold 66,493 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $90.53, for a total transaction of $6,019,611.29. Following the transaction, the insider now directly owns 42,690 shares in the company, valued at $3,864,725.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $91.17, for a total transaction of $2,279,250.00. Following the transaction, the director now owns 114,613 shares in the company, valued at $10,449,267.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,090 shares of company stock worth $16,807,725. Company insiders own 5.30% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Robert W. Baird reissued a “hold” rating and set a $92.00 target price on shares of AptarGroup in a research note on Wednesday, February 14th. Wells Fargo reissued a “market perform” rating and set a $90.00 target price (up previously from $83.00) on shares of AptarGroup in a research note on Wednesday, February 14th. Finally, Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. AptarGroup has an average rating of “Hold” and a consensus price target of $85.38.
AptarGroup stock traded down $1.63 during trading hours on Thursday, hitting $87.96. 260,907 shares of the stock traded hands, compared to its average volume of 299,170. The company has a market cap of $5,576.38, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. AptarGroup, Inc. has a one year low of $75.49 and a one year high of $92.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.53 and a current ratio of 3.16.
AptarGroup (NYSE:ATR) last posted its earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. The business had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $577.17 million. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. research analysts forecast that AptarGroup, Inc. will post 3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were given a $0.32 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.28 dividend on an annualized basis and a yield of 1.46%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
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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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