Occudo Quantitative Strategies LP Takes $853,000 Position in AptarGroup, Inc. (NYSE:ATR)

Occudo Quantitative Strategies LP purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,431 shares of the industrial products company’s stock, valued at approximately $853,000.

Several other institutional investors have also recently bought and sold shares of ATR. Wealth Enhancement Advisory Services LLC increased its position in AptarGroup by 58.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after purchasing an additional 5,248 shares during the period. Inspire Investing LLC lifted its stake in shares of AptarGroup by 282.9% in the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 5,024 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of AptarGroup by 13.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company’s stock worth $1,494,000 after purchasing an additional 1,146 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of AptarGroup by 1.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after buying an additional 127 shares during the period. Finally, Legacy Wealth Asset Management LLC acquired a new stake in shares of AptarGroup in the 4th quarter valued at approximately $858,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Down 1.0%

ATR opened at $154.00 on Wednesday. The stock’s fifty day simple moving average is $147.05 and its 200 day simple moving average is $155.53. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The stock has a market cap of $10.17 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last released 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 business had revenue of $887.31 million during the quarter, compared to the consensus estimate of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. As a group, research analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, May 1st. AptarGroup’s dividend payout ratio is 32.85%.

Insider Buying and Selling at AptarGroup

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Raymond James 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. Wells Fargo & Company reiterated an “overweight” rating and set a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. StockNews.com upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Finally, Robert W. Baird reduced their price target 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. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $178.60.

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.