Amalgamated Bank Sells 1,408 Shares of AptarGroup, Inc. (NYSE:ATR)

Amalgamated Bank reduced its stake in AptarGroup, Inc. (NYSE:ATR) by 4.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 31,089 shares of the industrial products company’s stock after selling 1,408 shares during the quarter. Amalgamated Bank’s holdings in AptarGroup were worth $4,613,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ATR. MassMutual Private Wealth & Trust FSB raised its holdings in AptarGroup by 155.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 169 shares in the last quarter. Huntington National Bank increased its position in shares of AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 120 shares during the period. Johnson Financial Group Inc. bought a new position in shares of AptarGroup in the fourth quarter worth $75,000. Jones Financial Companies Lllp raised its stake in AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 447 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in AptarGroup by 116.9% during the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 325 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Insider Activity at AptarGroup

In related news, EVP Kimberly Chainey sold 1,671 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the sale, the executive vice president owned 11,088 shares of the company’s stock, valued at $1,694,135.52. This trade represents a 13.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $152.62, for a total value of $503,646.00. Following the sale, the insider owned 33,963 shares in the company, valued at $5,183,433.06. This represents a 8.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,680 shares of company stock valued at $6,983,798. 0.68% of the stock is owned by company insiders.

AptarGroup Stock Up 0.9%

Shares of NYSE ATR opened at $160.39 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.27 and a beta of 0.57. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The stock has a 50-day moving average price of $153.78 and a two-hundred day moving average price of $151.52.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. The company had revenue of $887.31 million for the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. As a group, analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. AptarGroup’s dividend payout ratio (DPR) is presently 32.85%.

Analyst Ratings Changes

Several research firms have commented on ATR. Wells Fargo & Company reissued an “overweight” rating and issued a $170.00 target price (up from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. Raymond James Financial reduced their price target on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.