AptarGroup, Inc. (ATR) Shares Bought by Bessemer Group Inc.
Bessemer Group Inc. raised its holdings in AptarGroup, Inc. (NYSE:ATR) by 42,197.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,794 shares of the industrial products company’s stock after purchasing an additional 58,655 shares during the quarter. Bessemer Group Inc. owned 0.09% of AptarGroup worth $5,075,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Great Lakes Advisors LLC raised its holdings in shares of AptarGroup by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock valued at $494,000 after buying an additional 20 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of AptarGroup by 1.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the industrial products company’s stock valued at $244,000 after buying an additional 30 shares during the period. Citigroup Inc. raised its holdings in shares of AptarGroup by 0.5% in the 2nd quarter. Citigroup Inc. now owns 6,323 shares of the industrial products company’s stock valued at $549,000 after buying an additional 34 shares during the period. Advisory Services Network LLC raised its holdings in shares of AptarGroup by 1.1% in the 2nd quarter. Advisory Services Network LLC now owns 4,464 shares of the industrial products company’s stock valued at $388,000 after buying an additional 50 shares during the period. Finally, Advisor Partners LLC raised its holdings in shares of AptarGroup by 0.8% in the 2nd quarter. Advisor Partners LLC now owns 6,875 shares of the industrial products company’s stock valued at $597,000 after buying an additional 53 shares during the period. Institutional investors own 91.72% of the company’s stock.
Several research firms recently issued reports on ATR. BidaskClub downgraded AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $78.00 price objective (down previously from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Zacks Investment Research downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reiterated a “hold” rating and issued a $85.00 price objective on shares of AptarGroup in a report on Thursday, October 12th. Finally, KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. AptarGroup has a consensus rating of “Hold” and a consensus price target of $84.57.
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In related news, insider Salim Haffar sold 18,130 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the completion of the transaction, the insider now directly owns 39,556 shares of the company’s stock, valued at approximately $3,421,198.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the transaction, the director now directly owns 6,469 shares of the company’s stock, valued at $531,298.97. The disclosure for this sale can be found here. Insiders have sold a total of 23,910 shares of company stock valued at $2,056,799 over the last three months. 5.30% of the stock is currently owned by insiders.
AptarGroup, Inc. (ATR) traded up $0.15 on Friday, reaching $84.91. The company had a trading volume of 195,700 shares, compared to its average volume of 259,296. AptarGroup, Inc. has a 1 year low of $70.75 and a 1 year high of $90.79. The firm has a market cap of $5,289.38, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The firm had revenue of $624.33 million during the quarter, compared to analysts’ expectations of $599.31 million. During the same period in the previous year, the firm posted $0.82 EPS. AptarGroup’s revenue for the quarter was up 5.9% on a year-over-year basis. equities research analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 annualized dividend and a yield of 1.51%. AptarGroup’s payout ratio is 37.43%.
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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