Investment Counselors of Maryland LLC lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 21.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,532 shares of the industrial products company’s stock after selling 420 shares during the period. Investment Counselors of Maryland LLC’s holdings in AptarGroup were worth $133,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 worth $451,828,000 after buying an additional 355,044 shares during the last quarter. BlackRock Inc. increased its position 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 worth $391,639,000 after buying an additional 4,999,339 shares during the last quarter. State Street Corp increased its position 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 worth $261,776,000 after buying an additional 377,227 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 worth $206,649,000 after buying an additional 282,994 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position 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 worth $152,639,000 after buying an additional 201,372 shares during the last quarter. 90.02% of the stock is owned by institutional investors.

AptarGroup, Inc. (NYSE ATR) opened at 82.36 on Monday. The stock has a 50 day moving average of $87.28 and a 200-day moving average of $80.28. The company has a market capitalization of $5.16 billion, a P/E ratio of 24.22 and a beta of 0.96. AptarGroup, Inc. has a 52-week low of $70.32 and a 52-week high of $90.79.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, July 24th. AptarGroup’s dividend payout ratio (DPR) is presently 37.54%.

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A number of research analysts have recently issued reports on ATR shares. Deutsche Bank AG restated a “buy” rating and issued a $90.00 price target (up from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $78.00 price target (down from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and raised their price target for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $92.00 price target on shares of AptarGroup in a research report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.83.

In other AptarGroup news, Director Ralf K. Wunderlich sold 2,559 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $82.81, for a total value of $211,910.79. Following the sale, the director now owns 36,024 shares of the company’s stock, valued at approximately $2,983,147.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alain Chevassus sold 19,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the completion of the sale, the director now directly owns 25,396 shares in the company, valued at approximately $2,089,582.88. The disclosure for this sale can be found here. Insiders sold a total of 162,226 shares of company stock worth $13,437,778 in the last three months. Insiders own 5.30% of the company’s stock.

About AptarGroup

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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