Alliance Wealth Advisors LLC UT Decreases Holdings in AptarGroup, Inc. (NYSE:ATR)

Alliance Wealth Advisors LLC UT trimmed its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,798 shares of the industrial products company’s stock after selling 126 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in AptarGroup were worth $267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATR. Simplex Trading LLC lifted its stake in shares of AptarGroup by 107.4% in the first quarter. Simplex Trading LLC now owns 224 shares of the industrial products company’s stock worth $33,000 after buying an additional 116 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company’s stock worth $41,000 after buying an additional 169 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of AptarGroup in the fourth quarter worth about $75,000. UMB Bank n.a. lifted its stake in shares of AptarGroup by 116.9% in the first quarter. UMB Bank n.a. now owns 603 shares of the industrial products company’s stock worth $89,000 after buying an additional 325 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of AptarGroup in the fourth quarter worth about $97,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AptarGroup news, insider Xiangwei Gong sold 7,000 shares of AptarGroup stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the completion of the sale, the insider directly owned 10,265 shares in the company, valued at $1,606,369.85. This trade represents a 40.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kimberly Chainey sold 1,671 shares of AptarGroup stock in a transaction dated Tuesday, June 10th. The shares were 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 approximately $1,694,135.52. This represents a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,971 shares of company stock worth $1,854,388. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the topic of several research reports. Wells Fargo & Company reissued an “overweight” rating and issued a $153.00 price target (down from $173.00) on shares of AptarGroup in a research note on Monday, August 4th. Raymond James Financial reissued an “outperform” rating and issued a $172.00 price target (down from $182.00) on shares of AptarGroup in a research note on Monday, August 4th. Finally, Wall Street Zen raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $174.60.

AptarGroup Price Performance

AptarGroup stock opened at $138.80 on Friday. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03. The stock has a market cap of $9.14 billion, a P/E ratio of 23.89, a PEG ratio of 2.88 and a beta of 0.57. The company has a 50-day moving average price of $152.54 and a 200 day moving average price of $150.32. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. AptarGroup had a net margin of 10.84% and a return on equity of 15.39%. The firm had revenue of $966.01 million during the quarter, compared to analysts’ expectations of $954.06 million. During the same period last year, the business earned $1.41 earnings per share. AptarGroup’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, July 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, July 24th. AptarGroup’s dividend payout ratio (DPR) is presently 30.98%.

AptarGroup Company Profile

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.