Somerville Kurt F grew its position in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) by 0.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 132,188 shares of the industrial products company's stock after acquiring an additional 298 shares during the quarter. AptarGroup makes up about 2.6% of Somerville Kurt F's holdings, making the stock its 16th biggest holding. Somerville Kurt F's holdings in AptarGroup were worth $13,644,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ATR. Notis McConarty Edward raised its position in AptarGroup by 0.8% during the 2nd quarter. Notis McConarty Edward now owns 51,502 shares of the industrial products company's stock valued at $5,315,000 after purchasing an additional 403 shares during the last quarter. Hanson & Doremus Investment Management raised its position in AptarGroup by 87.1% during the 2nd quarter. Hanson & Doremus Investment Management now owns 2,340 shares of the industrial products company's stock valued at $242,000 after purchasing an additional 1,089 shares during the last quarter. Allworth Financial LP raised its position in AptarGroup by 81.9% during the 2nd quarter. Allworth Financial LP now owns 5,545 shares of the industrial products company's stock valued at $572,000 after purchasing an additional 2,496 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in AptarGroup by 4.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,850 shares of the industrial products company's stock valued at $397,000 after purchasing an additional 177 shares during the last quarter. Finally, Albert D Mason Inc. raised its position in AptarGroup by 12.2% during the 2nd quarter. Albert D Mason Inc. now owns 10,404 shares of the industrial products company's stock valued at $1,074,000 after purchasing an additional 1,134 shares during the last quarter. Institutional investors own 89.08% of the company's stock.
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Insider Buying and Selling
In related news, CFO Robert Kuhn sold 50,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 68,604 shares of the company's stock, valued at approximately $7,589,660.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other AptarGroup news, insider Hedi Tlili sold 5,000 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $112.08, for a total value of $560,400.00. Following the completion of the sale, the insider now owns 10,396 shares in the company, valued at approximately $1,165,183.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert Kuhn sold 50,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 68,604 shares of the company's stock, valued at approximately $7,589,660.52. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.
AptarGroup Stock Down 1.4 %
Shares of AptarGroup stock traded down $1.34 during midday trading on Tuesday, hitting $96.07. The company had a trading volume of 2,414 shares, compared to its average volume of 211,580. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.90. The stock has a market capitalization of $6.28 billion, a P/E ratio of 28.01, a P/E/G ratio of 3.64 and a beta of 0.63. The company has a 50 day moving average of $105.27 and a 200 day moving average of $107.92. AptarGroup, Inc. has a 52-week low of $94.03 and a 52-week high of $135.81.
AptarGroup (NYSE:ATR – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The company had revenue of $844.54 million for the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.91 EPS. On average, equities analysts predict that AptarGroup, Inc. will post 3.85 earnings per share for the current fiscal year.
AptarGroup Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 17th. Investors of record on Wednesday, July 27th were issued a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $1.52 dividend on an annualized basis and a yield of 1.58%. AptarGroup's dividend payout ratio is currently 44.31%.
Analyst Upgrades and Downgrades
A number of research firms have commented on ATR. Deutsche Bank Aktiengesellschaft lowered their price target on AptarGroup from $145.00 to $125.00 in a research report on Tuesday, July 19th. StockNews.com raised AptarGroup from a "hold" rating to a "buy" rating in a research report on Thursday, September 8th. Morgan Stanley reduced their target price on AptarGroup from $126.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 2nd. Robert W. Baird reduced their target price on AptarGroup to $110.00 in a report on Tuesday, August 9th. Finally, TheStreet downgraded AptarGroup from a "b-" rating to a "c+" rating in a report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $120.00.
About AptarGroup
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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.
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