Brinker Capital Investments LLC trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,644 shares of the industrial products company's stock after selling 5,517 shares during the quarter. Brinker Capital Investments LLC's holdings in AptarGroup were worth $3,060,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ATR. Meeder Asset Management Inc. bought a new position in shares of AptarGroup during the first quarter worth $42,000. Quadrant Capital Group LLC raised its holdings in shares of AptarGroup by 129.7% during the first quarter. Quadrant Capital Group LLC now owns 395 shares of the industrial products company's stock worth $47,000 after acquiring an additional 223 shares during the period. Alpha Paradigm Partners LLC acquired a new stake in shares of AptarGroup during the fourth quarter worth $57,000. JJJ Advisors Inc. raised its holdings in shares of AptarGroup by 63.5% during the first quarter. JJJ Advisors Inc. now owns 515 shares of the industrial products company's stock worth $61,000 after acquiring an additional 200 shares during the period. Finally, Prospera Financial Services Inc acquired a new stake in shares of AptarGroup during the first quarter worth $82,000. 89.08% of the stock is owned by institutional investors.
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Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of AptarGroup from $150.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, July 18th. StockNews.com upgraded shares of AptarGroup from a "hold" rating to a "buy" rating in a report on Thursday, September 8th. TheStreet lowered shares of AptarGroup from a "b-" rating to a "c+" rating in a report on Thursday, June 16th. Morgan Stanley lowered their price target on shares of AptarGroup from $126.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of AptarGroup from $145.00 to $125.00 in a research note on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.00.
AptarGroup Stock Up 2.3 %
Shares of ATR stock opened at $98.24 on Thursday. 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, Inc. has a 1 year low of $94.03 and a 1 year high of $135.81. The firm's fifty day moving average price is $105.17 and its two-hundred day moving average price is $107.84. The firm has a market capitalization of $6.42 billion, a P/E ratio of 28.64, a PEG ratio of 3.62 and a beta of 0.63.
AptarGroup (NYSE:ATR – Get Rating) last released its quarterly earnings data 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 analyst estimates of $827.18 million. AptarGroup had a net margin of 6.94% and a return on equity of 12.87%. AptarGroup's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. On average, equities analysts predict that AptarGroup, Inc. will post 3.85 EPS for the current fiscal year.
AptarGroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Stockholders of record on Wednesday, July 27th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, July 26th. This represents a $1.52 annualized dividend and a dividend yield of 1.55%. AptarGroup's dividend payout ratio is presently 44.31%.
Insider Transactions at AptarGroup
In other news, insider Hedi Tlili sold 5,000 shares of the business's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $112.08, for a total transaction of $560,400.00. Following the transaction, 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 can be accessed through the SEC website. In related news, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $112.08, for a total transaction of $560,400.00. Following the completion of the sale, the insider now owns 10,396 shares of the company's stock, valued at approximately $1,165,183.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Kuhn sold 50,000 shares of AptarGroup stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $110.63, for a total transaction of $5,531,500.00. Following the sale, the chief financial officer now directly 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 company insiders.
AptarGroup 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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