Federated Hermes Inc. Acquires 96,227 Shares of AptarGroup, Inc. (NYSE:ATR)

Federated Hermes Inc. grew its holdings in AptarGroup, Inc. (NYSE:ATR) by 19.6% during the fourth quarter, Holdings Channel reports. The firm owned 587,640 shares of the industrial products company’s stock after acquiring an additional 96,227 shares during the quarter. Federated Hermes Inc.’s holdings in AptarGroup were worth $72,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in AptarGroup by 10.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,393 shares of the industrial products company’s stock worth $1,221,000 after purchasing an additional 970 shares during the period. HighTower Advisors LLC grew its stake in AptarGroup by 6.3% during the first quarter. HighTower Advisors LLC now owns 6,976 shares of the industrial products company’s stock worth $820,000 after purchasing an additional 416 shares during the period. Great West Life Assurance Co. Can grew its stake in AptarGroup by 9.1% during the first quarter. Great West Life Assurance Co. Can now owns 37,547 shares of the industrial products company’s stock worth $4,539,000 after purchasing an additional 3,125 shares during the period. Raymond James Trust N.A. grew its stake in AptarGroup by 7.1% during the first quarter. Raymond James Trust N.A. now owns 4,632 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 308 shares during the period. Finally, Sei Investments Co. grew its stake in AptarGroup by 0.4% during the first quarter. Sei Investments Co. now owns 122,797 shares of the industrial products company’s stock worth $14,429,000 after purchasing an additional 484 shares during the period. Institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ATR. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $125.00 to $150.00 in a research note on Wednesday, January 3rd. Wells Fargo & Company raised their target price on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th.

AptarGroup Trading Up 0.5 %

Shares of AptarGroup stock opened at $139.10 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. AptarGroup, Inc. has a 52 week low of $111.63 and a 52 week high of $145.35. The stock has a 50 day moving average price of $140.54 and a two-hundred day moving average price of $131.44. The stock has a market capitalization of $9.20 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The firm had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. During the same quarter last year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.22 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a $0.41 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. AptarGroup’s dividend payout ratio (DPR) is presently 38.59%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares of the company’s stock, valued at $1,374,357.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the transaction, the director now owns 9,648 shares of the company’s stock, valued at $1,374,357.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now directly owns 33,426 shares in the company, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock valued at $5,318,280. Company insiders own 1.00% of the company’s stock.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.