Arizona State Retirement System Has $2,052,000 Stake in AptarGroup Inc. (ATR)
Arizona State Retirement System lowered its position in AptarGroup Inc. (NYSE:ATR) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,504 shares of the company’s stock after selling 100 shares during the period. Arizona State Retirement System’s holdings in AptarGroup were worth $2,052,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in ATR. Cornerstone Advisors Inc. purchased a new stake in AptarGroup during the third quarter valued at $155,000. Independent Portfolio Consultants Inc. increased its stake in AptarGroup by 8.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,020 shares of the company’s stock valued at $160,000 after buying an additional 160 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in AptarGroup by 70.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,192 shares of the company’s stock valued at $173,000 after buying an additional 907 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in AptarGroup during the second quarter valued at $174,000. Finally, Parametrica Management Ltd purchased a new stake in AptarGroup during the third quarter valued at $202,000. 88.76% of the stock is owned by institutional investors.
AptarGroup Inc. (NYSE:ATR) traded down 1.03% during trading on Tuesday, reaching $75.68. The company’s stock had a trading volume of 327,475 shares. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 24.56 and a beta of 0.94. The firm has a 50 day moving average of $74.57 and a 200 day moving average of $76.89. AptarGroup Inc. has a 52 week low of $66.33 and a 52 week high of $81.50.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.01. The firm earned $590 million during the quarter, compared to analyst estimates of $608.32 million. AptarGroup had a return on equity of 16.23% and a net margin of 8.53%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Analysts expect that AptarGroup Inc. will post $3.11 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 2nd were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from AptarGroup’s previous quarterly dividend of $0.30. AptarGroup’s payout ratio is 41.56%.
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Several research firms have recently weighed in on ATR. Vertical Group raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Vertical Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Jefferies Group started coverage on AptarGroup in a report on Thursday, October 13th. They issued a “hold” rating and a $83.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. Finally, Robert W. Baird upped their price objective on AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $83.50.
In related news, insider Salim Haffar sold 50,333 shares of the business’s stock in a transaction 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 transaction, the insider now owns 23,149 shares in the company, valued at approximately $1,822,752.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Pfeiffer sold 30,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $75.24, for a total transaction of $2,257,200.00. Following the transaction, the director now owns 896,102 shares in the company, valued at approximately $67,422,714.48. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.
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.
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