Baker Ellis Asset Management LLC maintained its stake in shares of AptarGroup, Inc. (NYSE:ATR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the industrial products company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in AptarGroup were worth $130,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the last quarter. Huntington National Bank raised its stake in shares of AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in shares of AptarGroup during the first quarter valued at approximately $204,000. 90.02% of the stock is owned by institutional investors.

Shares of AptarGroup, Inc. (ATR) opened at 82.74 on Wednesday. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 24.34 and a beta of 0.96. The firm’s 50-day moving average price is $86.94 and its 200 day moving average price is $80.32. AptarGroup, Inc. has a 12-month low of $70.32 and a 12-month high of $90.79.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The company 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 firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. On average, analysts predict that AptarGroup, Inc. will post $3.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, July 24th. AptarGroup’s dividend payout ratio is currently 37.54%.

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Several brokerages recently commented on ATR. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. Vertical Group lowered AptarGroup from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $68.00 to $70.00 in a report on Tuesday, May 2nd. Vertical Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. Finally, Zacks Investment Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $81.83.

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

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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