BlackRock Inc. Has $497.05 Million Holdings in AptarGroup, Inc. (ATR)
BlackRock Inc. lessened its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,322,893 shares of the industrial products company’s stock after selling 43,573 shares during the period. BlackRock Inc. owned 0.09% of AptarGroup worth $497,052,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in ATR. Victory Capital Management Inc. grew its holdings in AptarGroup by 17.3% during the second quarter. Victory Capital Management Inc. now owns 2,256,665 shares of the industrial products company’s stock valued at $210,727,000 after purchasing an additional 333,376 shares during the last quarter. Atlanta Capital Management Co. L L C grew its holdings in AptarGroup by 7.9% during the first quarter. Atlanta Capital Management Co. L L C now owns 3,872,169 shares of the industrial products company’s stock valued at $347,837,000 after purchasing an additional 282,170 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in AptarGroup by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock valued at $89,442,000 after purchasing an additional 182,471 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in AptarGroup by 93.2% during the first quarter. Mawer Investment Management Ltd. now owns 375,045 shares of the industrial products company’s stock valued at $33,690,000 after purchasing an additional 180,874 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in AptarGroup by 6,678.9% during the second quarter. Sei Investments Co. now owns 162,762 shares of the industrial products company’s stock valued at $15,199,000 after purchasing an additional 160,361 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.
Several equities analysts have commented on ATR shares. Jefferies Financial Group started coverage on AptarGroup in a report on Friday, May 18th. They set a “hold” rating and a $99.00 price target on the stock. ValuEngine downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Wells Fargo & Co increased their price target on AptarGroup from $93.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, July 31st. Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating and set a $86.00 price objective for the company. in a research report on Tuesday, July 31st. Finally, Deutsche Bank set a $115.00 price objective on AptarGroup and gave the company a “buy” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $101.75.
ATR opened at $107.90 on Friday. AptarGroup, Inc. has a 1-year low of $79.97 and a 1-year high of $109.69. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.01 and a quick ratio of 2.42. The company has a market capitalization of $6.73 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 3.26 and a beta of 0.81.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. AptarGroup had a return on equity of 17.83% and a net margin of 8.19%. The company had revenue of $710.61 million during the quarter, compared to analysts’ expectations of $688.02 million. sell-side analysts predict that AptarGroup, Inc. will post 3.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 1st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. This is a boost from AptarGroup’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, July 31st. AptarGroup’s dividend payout ratio is currently 39.53%.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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