Eagle Boston Investment Management Inc. lessened its position in AptarGroup, Inc. (NYSE:ATR) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,233 shares of the industrial products company’s stock after selling 581 shares during the period. Eagle Boston Investment Management Inc.’s holdings in AptarGroup were worth $2,179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATR. GHP Investment Advisors Inc. lifted its stake in shares of AptarGroup by 1.8% in the second quarter. GHP Investment Advisors Inc. now owns 31,212 shares of the industrial products company’s stock valued at $2,915,000 after purchasing an additional 561 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of AptarGroup by 3.7% in the second quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the industrial products company’s stock valued at $1,578,000 after purchasing an additional 600 shares during the period. Meadow Creek Investment Management LLC lifted its stake in shares of AptarGroup by 15.0% in the second quarter. Meadow Creek Investment Management LLC now owns 4,912 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 640 shares during the period. Dempze Nancy E lifted its stake in shares of AptarGroup by 2.7% in the second quarter. Dempze Nancy E now owns 25,212 shares of the industrial products company’s stock valued at $2,353,000 after purchasing an additional 651 shares during the period. Finally, Notis McConarty Edward lifted its stake in shares of AptarGroup by 1.3% in the third quarter. Notis McConarty Edward now owns 51,260 shares of the industrial products company’s stock valued at $5,523,000 after purchasing an additional 675 shares during the period. Institutional investors own 90.33% of the company’s stock.

ATR has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of AptarGroup from $92.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. Robert W. Baird raised their price objective on shares of AptarGroup from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Deutsche Bank set a $115.00 price objective on shares of AptarGroup and gave the company a “buy” rating in a research note on Monday, July 30th. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Monday, October 1st. Finally, Wells Fargo & Co raised their price objective on shares of AptarGroup from $93.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. AptarGroup presently has a consensus rating of “Hold” and a consensus target price of $105.13.

In other news, Director Monnas Giovanna Kampouri sold 12,667 shares of AptarGroup stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $105.45, for a total transaction of $1,335,735.15. Following the completion of the sale, the director now directly owns 11,040 shares in the company, valued at $1,164,168. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $104.31, for a total transaction of $2,607,750.00. Following the sale, the director now owns 110,105 shares of the company’s stock, valued at $11,485,052.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $6,566,485. 3.40% of the stock is currently owned by company insiders.

Shares of ATR opened at $105.18 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.87 and a debt-to-equity ratio of 0.81. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 3.19 and a beta of 0.79. AptarGroup, Inc. has a 12-month low of $79.97 and a 12-month high of $112.31.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, November 1st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $665.78 million during the quarter, compared to analysts’ expectations of $673.54 million. AptarGroup had a net margin of 7.52% and a return on equity of 18.42%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, research analysts anticipate that AptarGroup, Inc. will post 3.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Tuesday, October 30th. AptarGroup’s payout ratio is currently 39.53%.

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About AptarGroup

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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