Cornerstone Advisors Inc. Maintains Position in AptarGroup, Inc. (ATR)
Cornerstone Advisors Inc. continued to hold its position in shares of AptarGroup, Inc. (NYSE:ATR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,450 shares of the industrial products company’s stock at the end of the second quarter. Cornerstone Advisors Inc.’s holdings in AptarGroup were worth $126,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of ATR. Toronto Dominion Bank raised its position in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 period. Independent Portfolio Consultants Inc. increased its stake in shares of 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 period. Huntington National Bank increased its stake in shares of 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 period. Finally, Thompson Investment Management Inc. acquired a new stake in shares of AptarGroup during the first quarter valued at about $204,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of AptarGroup, Inc. (ATR) remained flat at $82.74 on Tuesday. The stock had a trading volume of 163,316 shares. AptarGroup, Inc. has a 1-year low of $70.32 and a 1-year high of $90.79. The company’s 50 day moving average price is $86.94 and its 200 day moving average price is $80.32. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 24.34 and a beta of 0.96.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The firm had revenue of $617.75 million for the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Analysts predict that AptarGroup, Inc. will post $3.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, July 26th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.55%. AptarGroup’s payout ratio is currently 37.54%.
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Several equities research analysts have issued reports on ATR shares. Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Vertical Group downgraded AptarGroup from a “hold” rating to a “sell” rating and raised their price target 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 price target on shares of AptarGroup in a research note on Thursday, June 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $81.83.
In other news, insider Gael Touya sold 35,000 shares of AptarGroup stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the sale, the insider now owns 33,092 shares in the company, valued at $2,688,725. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ursula Saint-Leger sold 50,000 shares of AptarGroup stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $81.86, for a total transaction of $4,093,000.00. Following the completion of the sale, the vice president now owns 60,042 shares in the company, valued at approximately $4,915,038.12. The disclosure for this sale can be found here. Insiders sold 162,226 shares of company stock worth $13,437,778 in the last quarter. Company insiders own 5.30% 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, 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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