Contravisory Investment Management Inc. reduced its stake in shares of AptarGroup Inc. (NYSE:ATR) by 4.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,389 shares of the company’s stock after selling 4,046 shares during the period. AptarGroup accounts for 2.1% of Contravisory Investment Management Inc.’s portfolio, making the stock its 27th largest position. Contravisory Investment Management Inc. owned 0.13% of AptarGroup worth $6,378,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Synovus Financial Corp increased its position in AptarGroup by 0.6% in the second quarter. Synovus Financial Corp now owns 3,650 shares of the company’s stock valued at $291,000 after buying an additional 22 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in AptarGroup by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,903 shares of the company’s stock valued at $863,000 after buying an additional 61 shares during the period. Independent Portfolio Consultants Inc. increased its position in AptarGroup by 4.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,115 shares of the company’s stock valued at $164,000 after buying an additional 95 shares during the period. Utah Retirement Systems increased its position in AptarGroup by 0.9% in the second quarter. Utah Retirement Systems now owns 11,296 shares of the company’s stock valued at $894,000 after buying an additional 100 shares during the period. Finally, Stifel Financial Corp increased its position in AptarGroup by 1.1% in the second quarter. Stifel Financial Corp now owns 9,506 shares of the company’s stock valued at $752,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

Shares of AptarGroup Inc. (NYSE:ATR) traded up 0.10% during midday trading on Friday, reaching $73.65. 229,859 shares of the company were exchanged. The stock’s 50-day moving average price is $74.84 and its 200-day moving average price is $76.94. AptarGroup Inc. has a 52-week low of $66.33 and a 52-week high of $81.50. The company has a market capitalization of $4.63 billion, a PE ratio of 23.90 and a beta of 0.94.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.01. The company had revenue of $590 million for the quarter, compared to analysts’ expectations of $608.32 million. AptarGroup had a return on equity of 16.23% and a net margin of 8.53%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Analysts anticipate that AptarGroup Inc. will post $3.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. This is an increase from AptarGroup’s previous quarterly dividend of $0.30. AptarGroup’s dividend payout ratio (DPR) is currently 41.56%.

Several equities analysts have commented on ATR shares. Robert W. Baird boosted their price target on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. Jefferies Group restated a “hold” rating and issued a $83.00 price target on shares of AptarGroup in a research note on Thursday, October 20th. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Finally, Vertical Group upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.50.

In other news, insider Salim Haffar sold 50,333 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total value of $3,963,220.42. Following the completion of the sale, the insider now owns 23,149 shares of the company’s stock, valued at $1,822,752.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Kuhn sold 3,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $78.59, for a total transaction of $235,770.00. Following the completion of the sale, the chief financial officer now directly 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. Company insiders own 5.50% of the company’s stock.

About AptarGroup

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.

5 Day Chart for NYSE:ATR

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.