AptarGroup, Inc. (ATR) Stake Raised by TD Asset Management Inc.
TD Asset Management Inc. grew its stake in AptarGroup, Inc. (NYSE:ATR) by 59.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,546 shares of the industrial products company’s stock after purchasing an additional 14,700 shares during the quarter. TD Asset Management Inc. owned approximately 0.06% of AptarGroup worth $3,413,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of ATR. Bank of Montreal Can raised its stake in shares of AptarGroup by 8.8% in the 2nd quarter. Bank of Montreal Can now owns 10,147 shares of the industrial products company’s stock valued at $882,000 after purchasing an additional 819 shares in the last quarter. NGAM Advisors L.P. acquired a new stake in shares of AptarGroup in the 2nd quarter valued at about $921,000. Great West Life Assurance Co. Can raised its stake in shares of AptarGroup by 0.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 36,826 shares of the industrial products company’s stock valued at $3,198,000 after purchasing an additional 336 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of AptarGroup in the 2nd quarter valued at about $243,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of AptarGroup in the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 90.92% of the company’s stock.
In other AptarGroup news, CFO Robert Kuhn sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralf K. Wunderlich sold 26,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,910 shares of company stock worth $6,745,469. 5.30% of the stock is owned by company insiders.
Shares of AptarGroup, Inc. (ATR) opened at $88.38 on Friday. The firm has a market cap of $5,492.45, a PE ratio of 26.72, a P/E/G ratio of 3.10 and a beta of 0.95. AptarGroup, Inc. has a 12 month low of $71.44 and a 12 month 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 released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.82 earnings per share. analysts expect that AptarGroup, Inc. will post 3.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.28 annualized dividend and a yield of 1.45%. AptarGroup’s dividend payout ratio (DPR) is 37.43%.
A number of brokerages have recently issued reports on ATR. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird restated a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a research note on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Jefferies Group restated a “hold” rating and issued a $78.00 target price on shares of AptarGroup in a research note on Thursday, August 31st. Finally, BidaskClub lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Two 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. AptarGroup currently has a consensus rating of “Hold” and a consensus target price of $84.57.
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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