AptarGroup, Inc. (ATR) Stake Raised by Stifel Financial Corp
Stifel Financial Corp raised its position in shares of AptarGroup, Inc. (NYSE:ATR) by 35.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,056 shares of the industrial products company’s stock after buying an additional 3,714 shares during the period. Stifel Financial Corp’s holdings in AptarGroup were worth $1,077,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of AptarGroup during the fourth quarter worth about $6,766,000. Comerica Bank increased its position in shares of AptarGroup by 5.6% in the fourth quarter. Comerica Bank now owns 51,624 shares of the industrial products company’s stock worth $3,794,000 after buying an additional 2,735 shares during the last quarter. State Street Corp increased its position in shares of AptarGroup by 0.9% in the fourth quarter. State Street Corp now owns 3,022,919 shares of the industrial products company’s stock worth $222,033,000 after buying an additional 26,280 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of AptarGroup by 0.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,931 shares of the industrial products company’s stock worth $876,000 after buying an additional 61 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AptarGroup by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,144 shares of the industrial products company’s stock worth $37,104,000 after buying an additional 6,977 shares during the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
AptarGroup, Inc. (ATR) opened at 86.75 on Tuesday. AptarGroup, Inc. has a 12-month low of $70.32 and a 12-month high of $87.09. The firm has a 50-day moving average price of $83.81 and a 200-day moving average price of $77.28. The company has a market cap of $5.42 billion, a P/E ratio of 26.20 and a beta of 0.96.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The company had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $591.69 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that AptarGroup, Inc. will post $3.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 3rd were given a dividend of $0.32 per share. The ex-dividend date was Monday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 1.48%. AptarGroup’s dividend payout ratio is currently 38.67%.
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ATR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Vertical Group downgraded AptarGroup from a “hold” rating to a “sell” rating and increased their target price for the company from $68.00 to $70.00 in a report on Tuesday, May 2nd. Finally, 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. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average price target of $77.00.
In other news, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the transaction, the director now owns 107,700 shares of the company’s stock, valued at approximately $9,258,969. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alain Chevassus sold 19,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $82.28, for a total value of $1,563,320.00. Following the completion of the transaction, the director now directly owns 25,396 shares of the company’s stock, valued at approximately $2,089,582.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,726 shares of company stock valued at $20,588,098. 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.
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