Riverview Trust Co Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Riverview Trust Co purchased a new position in AptarGroup, Inc. (NYSE:ATRFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 375 shares of the industrial products company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ATR. Rise Advisors LLC bought a new position in AptarGroup in the first quarter worth approximately $25,000. Mather Group LLC. bought a new position in AptarGroup in the first quarter worth approximately $52,000. GAMMA Investing LLC bought a new position in AptarGroup in the fourth quarter worth approximately $61,000. Signaturefd LLC boosted its holdings in AptarGroup by 41.8% in the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 206 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of AptarGroup in the third quarter valued at approximately $104,000. Institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ATR shares. Wells Fargo & Company raised their target price on AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Robert W. Baird raised their target price on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th.

Read Our Latest Stock Analysis on AptarGroup

Insiders Place Their Bets

In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the sale, the executive vice president now directly owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the sale, the executive vice president now directly owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the sale, the insider now directly owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The disclosure for this sale can be found here. Insiders sold 8,659 shares of company stock valued at $1,269,976 over the last ninety days. 1.00% of the stock is currently owned by insiders.

AptarGroup Stock Performance

AptarGroup stock traded down $2.16 during mid-day trading on Tuesday, reaching $144.56. 56,694 shares of the company’s stock were exchanged, compared to its average volume of 299,369. The business’s fifty day simple moving average is $145.82 and its 200 day simple moving average is $138.37. The firm has a market capitalization of $9.58 billion, a PE ratio of 31.48, a P/E/G ratio of 3.13 and a beta of 0.60. AptarGroup, Inc. has a one year low of $111.63 and a one year high of $151.73. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29.

AptarGroup (NYSE:ATRGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. The business had revenue of $915.45 million for the quarter, compared to analyst estimates of $897.40 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. On average, sell-side analysts expect that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 35.19%.

AptarGroup Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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