American International Group Inc. raised its stake in AptarGroup, Inc. (NYSE:ATR) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 128,021 shares of the industrial products company’s stock after acquiring an additional 1,616 shares during the quarter. American International Group Inc.’s holdings in AptarGroup were worth $12,043,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ATR. Federated Investors Inc. PA increased its stake in AptarGroup by 2,451.7% in the third quarter. Federated Investors Inc. PA now owns 610,990 shares of the industrial products company’s stock valued at $65,828,000 after purchasing an additional 587,046 shares in the last quarter. Bessemer Group Inc. increased its position in shares of AptarGroup by 105.4% during the fourth quarter. Bessemer Group Inc. now owns 817,478 shares of the industrial products company’s stock worth $76,900,000 after acquiring an additional 419,489 shares in the last quarter. FMR LLC increased its position in shares of AptarGroup by 50.8% during the third quarter. FMR LLC now owns 1,040,954 shares of the industrial products company’s stock worth $112,154,000 after acquiring an additional 350,558 shares in the last quarter. Cornerstone Capital Inc. increased its position in shares of AptarGroup by 871.6% during the third quarter. Cornerstone Capital Inc. now owns 204,816 shares of the industrial products company’s stock worth $22,067,000 after acquiring an additional 183,735 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of AptarGroup by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock worth $520,170,000 after acquiring an additional 174,573 shares in the last quarter. 90.92% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Stephen J. Hagge sold 3,634 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $101.28, for a total transaction of $368,051.52. Following the transaction, the director now directly owns 70,671 shares in the company, valued at $7,157,558.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maritza Gomez Montiel sold 707 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $93.58, for a total transaction of $66,161.06. Following the transaction, the director now owns 4,033 shares in the company, valued at $377,408.14. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on ATR shares. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Friday, February 22nd. William Blair reissued an “outperform” rating on shares of AptarGroup in a research report on Thursday, February 21st. Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Wednesday, February 27th. Finally, UBS Group set a $106.00 target price on shares of AptarGroup and gave the stock a “hold” rating in a research report on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. AptarGroup has an average rating of “Hold” and a consensus target price of $106.50.
AptarGroup stock opened at $102.89 on Friday. AptarGroup, Inc. has a fifty-two week low of $86.69 and a fifty-two week high of $112.31. The stock has a market cap of $6.44 billion, a P/E ratio of 25.72, a PEG ratio of 2.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.93.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. AptarGroup had a net margin of 7.04% and a return on equity of 18.66%. The business had revenue of $685.03 million for the quarter, compared to analysts’ expectations of $668.21 million. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that AptarGroup, Inc. will post 4.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, January 30th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.32%. The ex-dividend date was Tuesday, January 29th. AptarGroup’s dividend payout ratio (DPR) is presently 34.00%.
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AptarGroup, Inc provides a range of packaging, dispensing, and sealing 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: Beauty + Home, Pharma, and Food + Beverage.
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