Sherbrooke Park Advisers LLC Has $629,000 Stock Position in AptarGroup, Inc. (NYSE:ATR)

Sherbrooke Park Advisers LLC lifted its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,004 shares of the industrial products company’s stock after purchasing an additional 1,310 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in AptarGroup were worth $629,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after purchasing an additional 58,777 shares during the last quarter. FMR LLC increased its stake in shares of AptarGroup by 33.1% during the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AptarGroup by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company’s stock worth $248,570,000 after purchasing an additional 40,268 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in shares of AptarGroup by 4.4% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company’s stock worth $189,895,000 after purchasing an additional 50,651 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of AptarGroup by 10.7% during the 4th quarter. Northern Trust Corp now owns 1,116,612 shares of the industrial products company’s stock worth $175,420,000 after buying an additional 108,321 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

Shares of AptarGroup stock opened at $157.11 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The firm has a fifty day moving average price of $147.32 and a two-hundred day moving average price of $155.34. The company has a market cap of $10.38 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The firm had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup’s dividend payout ratio (DPR) is presently 32.85%.

Insider Buying and Selling at AptarGroup

In other news, CEO Stephan B. Tanda sold 17,771 shares of AptarGroup stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $151.24, for a total transaction of $2,687,686.04. Following the sale, the chief executive officer now directly owns 204,986 shares in the company, valued at approximately $31,002,082.64. The trade was a 7.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shiela Vinczeller sold 995 shares of AptarGroup stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total transaction of $151,657.90. Following the sale, the insider now owns 26,301 shares in the company, valued at approximately $4,008,798.42. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,095 shares of company stock valued at $4,565,770 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ATR shares. Raymond James decreased their price objective on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird decreased their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. StockNews.com raised shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $170.00 price objective (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $178.60.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.