AptarGroup Inc. (ATR) Stake Raised by Retirement Systems of Alabama
Retirement Systems of Alabama boosted its position in AptarGroup Inc. (NYSE:ATR) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,954 shares of the company’s stock after buying an additional 435 shares during the period. Retirement Systems of Alabama owned 0.27% of AptarGroup worth $13,686,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in AptarGroup during the fourth quarter worth approximately $38,282,000. Renaissance Technologies LLC raised its position in AptarGroup by 91.3% in the first quarter. Renaissance Technologies LLC now owns 482,800 shares of the company’s stock worth $37,856,000 after buying an additional 230,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in AptarGroup by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 1,529,140 shares of the company’s stock worth $119,899,000 after buying an additional 202,129 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in AptarGroup by 249.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 143,409 shares of the company’s stock worth $11,349,000 after buying an additional 102,411 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in AptarGroup during the second quarter worth about $6,840,000. 88.33% of the stock is owned by hedge funds and other institutional investors.
AptarGroup Inc. (NYSE:ATR) traded up 0.26% on Friday, hitting $77.41. 407,279 shares of the stock were exchanged. The company has a 50 day moving average of $77.86 and a 200 day moving average of $77.79. AptarGroup Inc. has a one year low of $66.33 and a one year high of $81.50. The stock has a market capitalization of $4.87 billion, a P/E ratio of 25.13 and a beta of 0.93.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. The business earned $620 million during the quarter, compared to the consensus estimate of $621.52 million. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. AptarGroup’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts forecast that AptarGroup Inc. will post $3.18 earnings per share for the current fiscal year.
ATR has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $76.00.
In related news, insider Salim Haffar sold 50,333 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total transaction of $3,963,220.42. Following the completion of the transaction, the insider now owns 23,149 shares in the company, valued at $1,822,752.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Kuhn sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $78.59, for a total transaction of $235,770.00. Following the transaction, the chief financial officer now owns 15,050 shares of the company’s stock, valued at approximately $1,182,779.50. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
Receive News & Stock Ratings for AptarGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup Inc. and related stocks with our FREE daily email newsletter.