Nuance Investments LLC grew its position in AptarGroup, Inc. (NYSE:ATR) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,596 shares of the industrial products company’s stock after purchasing an additional 11,650 shares during the quarter. Nuance Investments LLC owned approximately 0.13% of AptarGroup worth $7,043,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in AptarGroup by 7.2% during the 1st quarter. Teachers Advisors LLC now owns 75,582 shares of the industrial products company’s stock worth $5,819,000 after acquiring an additional 5,089 shares in the last quarter. Bank of Montreal Can raised its stake in AptarGroup by 8.8% during the 2nd quarter. Bank of Montreal Can now owns 10,147 shares of the industrial products company’s stock worth $882,000 after acquiring an additional 819 shares in the last quarter. LS Investment Advisors LLC raised its stake in AptarGroup by 20.7% during the 2nd quarter. LS Investment Advisors LLC now owns 5,005 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 857 shares in the last quarter. Aperio Group LLC raised its stake in AptarGroup by 23.3% during the 2nd quarter. Aperio Group LLC now owns 24,195 shares of the industrial products company’s stock worth $2,102,000 after acquiring an additional 4,565 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in AptarGroup by 1.6% during the 2nd quarter. State Treasurer State of Michigan now owns 25,700 shares of the industrial products company’s stock worth $2,232,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.
Several brokerages recently commented on ATR. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Robert W. Baird reiterated a “hold” rating and set a $85.00 price target on shares of AptarGroup in a research note on Thursday, October 12th. Jefferies Group LLC restated a “hold” rating and issued a $78.00 price objective on shares of AptarGroup in a research note on Thursday, August 31st. Finally, BidaskClub lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $84.57.
AptarGroup, Inc. (ATR) opened at $86.25 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a market cap of $5,372.86, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 3.03 and a beta of 0.97. AptarGroup, Inc. has a one year low of $71.44 and a one year high of $90.79.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. AptarGroup’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. equities research analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.48%. AptarGroup’s dividend payout ratio is presently 37.43%.
In other AptarGroup news, insider Salim Haffar sold 18,130 shares of AptarGroup stock in a transaction on Monday, October 30th. The shares were sold at an average price of $86.49, for a total value of $1,568,063.70. Following the transaction, the insider now directly owns 39,556 shares in the company, valued at $3,421,198.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $86.12, for a total transaction of $2,153,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,910 shares of company stock worth $4,045,539. 5.30% of the stock is currently owned by company insiders.
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AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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