Teachers Retirement System of The State of Kentucky cut its stake in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,340 shares of the industrial products company's stock after selling 600 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in AptarGroup were worth $980,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Fiduciary Trust Co. acquired a new stake in shares of AptarGroup during the fourth quarter worth $246,000. Inspire Investing LLC acquired a new stake in shares of AptarGroup during the first quarter worth $234,000. Cerity Partners LLC lifted its holdings in shares of AptarGroup by 50.4% during the first quarter. Cerity Partners LLC now owns 4,495 shares of the industrial products company's stock worth $528,000 after purchasing an additional 1,507 shares during the period. Signaturefd LLC lifted its holdings in shares of AptarGroup by 47.7% during the first quarter. Signaturefd LLC now owns 1,080 shares of the industrial products company's stock worth $127,000 after purchasing an additional 349 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of AptarGroup during the fourth quarter worth $30,620,000. 89.08% of the stock is owned by institutional investors and hedge funds.
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Insiders Place Their Bets
In other news, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $112.08, for a total value of $560,400.00. Following the transaction, the insider now directly owns 10,396 shares of the company's stock, valued at approximately $1,165,183.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AptarGroup news, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $112.08, for a total transaction of $560,400.00. Following the sale, the insider now directly owns 10,396 shares in the company, valued at approximately $1,165,183.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert Kuhn sold 50,000 shares of AptarGroup stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $110.63, for a total value of $5,531,500.00. Following the sale, the chief financial officer now owns 68,604 shares in the company, valued at $7,589,660.52. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
AptarGroup Trading Down 0.0 %
AptarGroup stock opened at $98.08 on Friday. The stock has a market cap of $6.41 billion, a PE ratio of 28.59, a P/E/G ratio of 3.70 and a beta of 0.63. The stock has a 50-day moving average price of $105.28 and a 200 day moving average price of $108.09. AptarGroup, Inc. has a 52 week low of $94.03 and a 52 week high of $135.81. The company has a current ratio of 1.90, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65.
AptarGroup (NYSE:ATR – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. The firm had revenue of $844.54 million during the quarter, compared to analysts' expectations of $827.18 million. AptarGroup had a return on equity of 12.87% and a net margin of 6.94%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Equities research analysts predict that AptarGroup, Inc. will post 3.85 earnings per share for the current fiscal year.
AptarGroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, July 27th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, July 26th. AptarGroup's payout ratio is 44.31%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on AptarGroup from $150.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft dropped their price target on AptarGroup from $145.00 to $125.00 in a research report on Tuesday, July 19th. TheStreet cut AptarGroup from a "b-" rating to a "c+" rating in a research report on Thursday, June 16th. Morgan Stanley dropped their price target on AptarGroup from $126.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 2nd. Finally, Robert W. Baird dropped their price target on AptarGroup to $110.00 in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $120.00.
AptarGroup Company Profile
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AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.
Further Reading
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