Wetherby Asset Management Inc. Has $651,000 Stake in AptarGroup, Inc. (ATR)
Wetherby Asset Management Inc. increased its position in AptarGroup, Inc. (NYSE:ATR) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,497 shares of the industrial products company’s stock after buying an additional 4 shares during the period. Wetherby Asset Management Inc.’s holdings in AptarGroup were worth $651,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank raised 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. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock worth $178,000 after buying an additional 335 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock worth $179,000 after buying an additional 240 shares during the last quarter. Huntington National Bank raised its position in AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock worth $202,000 after buying an additional 117 shares during the last quarter. Finally, Thompson Investment Management Inc. bought a new position in AptarGroup during the first quarter worth approximately $204,000. 90.02% of the stock is owned by hedge funds and other institutional investors.
Shares of AptarGroup, Inc. (NYSE:ATR) opened at 82.14 on Friday. The stock has a market cap of $5.15 billion, a P/E ratio of 24.16 and a beta of 0.96. The company has a 50 day moving average price of $86.32 and a 200-day moving average price of $80.67. 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 for the quarter, topping the consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. AptarGroup’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, equities research analysts predict that AptarGroup, Inc. will post $3.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, July 24th. AptarGroup’s dividend payout ratio is currently 37.54%.
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A number of research firms have recently commented on ATR. Deutsche Bank AG reaffirmed a “buy” rating and issued a $90.00 price target (up 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 raised their price target 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 reiterated a “hold” rating and issued a $92.00 price objective on shares of AptarGroup in a research report on Thursday, July 20th. Finally, BidaskClub downgraded AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and a consensus price target of $81.83.
In related news, Director Ralf K. Wunderlich sold 2,559 shares of the company’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 completion of the transaction, 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, insider Gael Touya sold 35,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the completion of the transaction, the insider now directly owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The disclosure for this sale can be found here. Insiders sold a total of 143,226 shares of company stock valued at $11,874,458 in the last ninety days. 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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