Mawer Investment Management Ltd. reduced its position in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 775,398 shares of the industrial products company’s stock after selling 10,307 shares during the quarter. Mawer Investment Management Ltd. owned 1.19% of AptarGroup worth $80,029,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of AptarGroup by 58.2% in the second quarter. CWM LLC now owns 348 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 128 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of AptarGroup in the first quarter valued at $42,000. Quadrant Capital Group LLC increased its holdings in shares of AptarGroup by 129.7% in the first quarter. Quadrant Capital Group LLC now owns 395 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 223 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of AptarGroup in the first quarter valued at $82,000. Finally, HM Payson & Co. grew its stake in shares of AptarGroup by 25.2% in the first quarter. HM Payson & Co. now owns 766 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 154 shares in the last quarter. 89.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of AptarGroup in a research note on Monday, October 31st. They issued a “buy” rating and a $135.00 price target on the stock. Bank of America cut their price objective on shares of AptarGroup from $123.00 to $112.00 in a research report on Thursday, October 13th. Robert W. Baird cut their price objective on shares of AptarGroup to $110.00 in a research report on Tuesday, August 9th. Morgan Stanley cut their price objective on shares of AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 18th. Finally, Wells Fargo & Company cut their price objective on shares of AptarGroup from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Tuesday, November 1st. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.83.
Insider Buying and Selling at AptarGroup
AptarGroup Trading Up 1.4 %
NYSE ATR traded up $1.47 during trading hours on Thursday, reaching $107.61. The company’s stock had a trading volume of 558 shares, compared to its average volume of 201,186. The firm has a fifty day simple moving average of $99.63 and a 200-day simple moving average of $102.81. The stock has a market cap of $7.02 billion, a P/E ratio of 29.98, a P/E/G ratio of 4.05 and a beta of 0.64. AptarGroup, Inc. has a 52 week low of $90.23 and a 52 week high of $128.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.56 and a quick ratio of 1.04.
AptarGroup (NYSE:ATR – Get Rating) last released its earnings results on Friday, October 28th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $836.90 million during the quarter, compared to the consensus estimate of $838.49 million. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. Equities analysts forecast that AptarGroup, Inc. will post 3.64 earnings per share for the current fiscal year.
AptarGroup Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, October 26th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Tuesday, October 25th. AptarGroup’s dividend payout ratio is presently 42.94%.
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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