Diversified Trust Co Boosts Stake in AptarGroup, Inc. (NYSE:ATR)
Diversified Trust Co boosted its position in AptarGroup, Inc. (NYSE:ATR) by 19.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the industrial products company’s stock after buying an additional 665 shares during the period. Diversified Trust Co’s holdings in AptarGroup were worth $347,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in ATR. Toronto Dominion Bank raised its position in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the last quarter. Huntington National Bank boosted its stake in AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in AptarGroup during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
AptarGroup, Inc. (NYSE:ATR) traded down 0.58% during midday trading on Friday, reaching $89.18. The company had a trading volume of 22,311 shares. AptarGroup, Inc. has a 12-month low of $70.32 and a 12-month high of $90.79. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 26.93 and a beta of 0.98. The stock’s 50 day moving average is $87.18 and its 200 day moving average is $79.49.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $601.30 million for the quarter, compared to analyst estimates of $591.69 million. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. AptarGroup’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. Equities research analysts expect that AptarGroup, Inc. will post $3.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.43%. AptarGroup’s dividend payout ratio (DPR) is currently 38.67%.
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Several equities research analysts have commented on ATR shares. Zacks Investment Research cut AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Vertical Group cut AptarGroup from a “hold” rating to a “sell” rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Tuesday, May 2nd. Jefferies Group LLC restated a “hold” rating and issued a $77.00 target price on shares of AptarGroup in a research note on Thursday, June 8th. Finally, KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. AptarGroup currently has a consensus rating of “Hold” and an average target price of $82.60.
In related news, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the sale, the director now directly owns 107,700 shares in the company, valued at $9,258,969. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alain Chevassus sold 19,000 shares of AptarGroup stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $82.28, for a total value of $1,563,320.00. Following the sale, the director now owns 25,396 shares in the company, valued at $2,089,582.88. The disclosure for this sale can be found here. Insiders have sold 251,726 shares of company stock worth $20,588,098 over the last quarter. 5.30% of the stock is currently owned by corporate insiders.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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