Tandem Investment Advisors Inc. Sells 14,048 Shares of AptarGroup, Inc. (ATR)
Tandem Investment Advisors Inc. lowered its holdings in AptarGroup, Inc. (NYSE:ATR) by 49.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,371 shares of the industrial products company’s stock after selling 14,048 shares during the period. Tandem Investment Advisors Inc.’s holdings in AptarGroup were worth $1,248,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cigna Investments Inc. New bought a new position in AptarGroup in the second quarter worth about $206,000. Stewart & Patten Co. LLC bought a new position in AptarGroup in the second quarter worth about $208,000. Rehmann Capital Advisory Group bought a new position in AptarGroup in the second quarter worth about $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AptarGroup by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 187 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in AptarGroup by 233.1% in the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 4,428 shares during the last quarter. 91.56% of the stock is currently owned by hedge funds and other institutional investors.
AptarGroup, Inc. (NYSE:ATR) traded up 0.40% during midday trading on Friday, hitting $88.84. The stock had a trading volume of 187,132 shares. The company has a market cap of $5.57 billion, a PE ratio of 26.13 and a beta of 0.96. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79. The stock’s 50 day moving average price is $85.74 and its 200-day moving average price is $83.82.
AptarGroup (NYSE:ATR) last announced 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. 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 analyst estimates of $624.74 million. During the same period in the prior year, the business earned $0.91 earnings per share. AptarGroup’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts predict that AptarGroup, Inc. will post $3.34 earnings per share for the current year.
ATR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BMO Capital Markets reissued a “hold” rating and issued a $79.00 target price on shares of AptarGroup in a report on Sunday, July 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $78.00 target price on shares of AptarGroup in a report on Thursday, August 31st. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $82.00.
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In other news, insider Gael Touya sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the transaction, the insider now directly owns 33,092 shares in the company, valued at $2,688,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total transaction of $164,260.00. Following the transaction, the director now owns 6,469 shares in the company, valued at $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.
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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