D.A. Davidson & CO. raised its position in AptarGroup, Inc. (NYSE:ATR) by 25.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,905 shares of the industrial products company’s stock after acquiring an additional 586 shares during the period. D.A. Davidson & CO.’s holdings in AptarGroup were worth $261,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centiva Capital LP bought a new stake in AptarGroup in the 4th quarter valued at approximately $235,000. Dean Capital Investments Management LLC acquired a new position in shares of AptarGroup during the 4th quarter worth approximately $273,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AptarGroup by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,662 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 987 shares during the last quarter. Hartland & Co. LLC acquired a new position in shares of AptarGroup during the 4th quarter worth approximately $320,000. Finally, First Quadrant L P CA acquired a new position in shares of AptarGroup during the 4th quarter worth approximately $323,000. Hedge funds and other institutional investors own 89.70% of the company’s stock.
AptarGroup opened at $93.56 on Monday, MarketBeat.com reports. The company has a current ratio of 3.16, a quick ratio of 2.55 and a debt-to-equity ratio of 0.85. The company has a market cap of $5.84 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 2.89 and a beta of 0.79. AptarGroup, Inc. has a 1-year low of $79.97 and a 1-year high of $96.39.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, April 26th. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $703.35 million for the quarter, compared to analyst estimates of $674.84 million. AptarGroup had a return on equity of 17.53% and a net margin of 8.85%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. equities analysts forecast that AptarGroup, Inc. will post 3.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 9th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, May 8th. AptarGroup’s payout ratio is presently 37.21%.
In related news, Director King W. Harris sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $93.29, for a total transaction of $4,664,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director King W. Harris sold 68,985 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $89.99, for a total value of $6,207,960.15. Following the completion of the transaction, the director now directly owns 193,474 shares in the company, valued at $17,410,725.26. The disclosure for this sale can be found here. Insiders have sold a total of 216,090 shares of company stock worth $19,689,075 over the last three months. 3.40% of the stock is owned by insiders.
Several research firms have weighed in on ATR. Zacks Investment Research lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Friday, April 27th. Jefferies Group began coverage on AptarGroup in a research report on Friday. They set a “hold” rating and a $99.00 price target on the stock. ValuEngine raised AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $92.00 price target on shares of AptarGroup in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. AptarGroup has a consensus rating of “Hold” and an average price target of $90.57.
AptarGroup Company 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 in three segments: Beauty + Home, Pharma, and Food + Beverage.
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