Rhumbline Advisers Grows Stake in AptarGroup, Inc. (ATR)
Rhumbline Advisers lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,333 shares of the industrial products company’s stock after purchasing an additional 9,810 shares during the period. Rhumbline Advisers owned about 0.27% of AptarGroup worth $14,270,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ATR. Lord Abbett & CO. LLC increased its stake in shares of AptarGroup by 294.7% during the second quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after purchasing an additional 757,017 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of AptarGroup during the second quarter worth about $28,712,000. Robeco Institutional Asset Management B.V. increased its stake in shares of AptarGroup by 222.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 427,811 shares of the industrial products company’s stock worth $36,927,000 after purchasing an additional 295,110 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of AptarGroup by 57.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 652,706 shares of the industrial products company’s stock worth $56,694,000 after purchasing an additional 238,583 shares in the last quarter. Finally, FMR LLC increased its stake in shares of AptarGroup by 90.6% during the second quarter. FMR LLC now owns 481,139 shares of the industrial products company’s stock worth $41,792,000 after purchasing an additional 228,698 shares in the last quarter. 92.01% of the stock is owned by institutional investors and hedge funds.
In other AptarGroup news, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $86.12, for a total value of $2,153,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Salim Haffar sold 18,130 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were 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 owns 39,556 shares in the company, valued at $3,421,198.44. The disclosure for this sale can be found here. Insiders have sold 46,910 shares of company stock worth $4,045,539 over the last 90 days. 5.30% of the stock is currently owned by company insiders.
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AptarGroup, Inc. (NYSE:ATR) opened at $85.85 on Thursday. The firm has a market cap of $5,390.91, a PE ratio of 26.22, a P/E/G ratio of 3.04 and a beta of 0.97. AptarGroup, Inc. has a 52-week low of $71.44 and a 52-week high of $90.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. AptarGroup’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.49%. AptarGroup’s payout ratio is presently 37.43%.
A number of analysts have recently commented on the stock. BidaskClub cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Robert W. Baird reissued a “hold” rating and set a $85.00 target price on shares of AptarGroup in a research note on Thursday, October 12th. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, October 17th. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their price target for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $78.00 price target (down from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $84.57.
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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