FDx Advisors Inc. Decreases Position in AptarGroup, Inc. (ATR)
FDx Advisors Inc. lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 6.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,333 shares of the industrial products company’s stock after selling 1,226 shares during the period. FDx Advisors Inc.’s holdings in AptarGroup were worth $1,496,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Great Lakes Advisors LLC grew its stake in 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 last quarter. Coldstream Capital Management Inc. grew its stake in 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 last quarter. Citigroup Inc. grew its stake in 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 last quarter. Advisory Services Network LLC grew its stake in 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 last quarter. Finally, Advisor Partners LLC grew its stake in 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 last quarter. Institutional investors and hedge funds own 92.31% of the company’s stock.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $85.59 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The stock has a market cap of $5,289.37, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. AptarGroup, Inc. has a twelve month low of $71.44 and a twelve month high of $90.79.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The firm had revenue of $624.33 million during the quarter, compared to the consensus estimate of $599.31 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts expect that AptarGroup, Inc. will post 3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Tuesday, October 31st. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
A number of research analysts recently commented on ATR shares. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price target (up previously from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $77.00 in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.57.
In other news, Director Maritza Gomez Montiel sold 3,780 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total transaction of $324,475.20. Following the completion of the sale, the director now owns 3,336 shares of the company’s stock, valued at approximately $286,362.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Salim Haffar sold 18,130 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 39,556 shares of the company’s stock, valued at approximately $3,421,198.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,910 shares of company stock valued at $2,056,799. 5.30% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/14/fdx-advisors-inc-decreases-position-in-aptargroup-inc-atr.html.
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.
Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR).
Receive News & Ratings for AptarGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.