Granite Investment Partners LLC reduced its position in AptarGroup, Inc. (NYSE:ATR) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,782 shares of the industrial products company’s stock after selling 12,174 shares during the period. Granite Investment Partners LLC’s holdings in AptarGroup were worth $6,582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wetherby Asset Management Inc. increased its position in AptarGroup by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 7,493 shares of the industrial products company’s stock worth $577,000 after buying an additional 25 shares during the last quarter. Mycio Wealth Partners LLC increased its position in AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock worth $478,000 after buying an additional 26 shares during the last quarter. Opus Capital Group LLC increased its position in AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock worth $391,000 after buying an additional 30 shares during the last quarter. Toronto Dominion Bank increased its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock worth $274,000 after buying an additional 31 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.

Shares of AptarGroup, Inc. (ATR) opened at 81.51 on Friday. The company has a 50-day moving average of $86.45 and a 200 day moving average of $80.60. The company has a market capitalization of $5.11 billion, a P/E ratio of 23.97 and a beta of 0.96. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company had revenue of $617.75 million for the quarter, compared to the consensus estimate of $624.74 million. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts forecast that AptarGroup, Inc. will post $3.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, July 26th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.57%. AptarGroup’s dividend payout ratio is presently 37.54%.

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A number of research firms have recently issued reports on ATR. BidaskClub downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $77.00 price target on shares of AptarGroup in a research report on Thursday, June 8th. Vertical Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. 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. Finally, KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $81.83.

In other news, VP Ursula Saint-Leger sold 50,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $81.86, for a total value of $4,093,000.00. Following the sale, the vice president now owns 60,042 shares in the company, valued at approximately $4,915,038.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $211,910.79. Following the completion of the sale, the director now owns 36,024 shares in the company, valued at approximately $2,983,147.44. The disclosure for this sale can be found here. Insiders sold a total of 143,226 shares of company stock worth $11,874,458 in the last 90 days. 5.30% of the stock is owned by corporate 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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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