Chemical Bank acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,598 shares of the industrial products company’s stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Great Lakes Advisors LLC boosted its stake in shares of AptarGroup by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 20 shares during the period. Toronto Dominion Bank boosted its stake 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 purchasing an additional 30 shares during the period. Advisor Partners LLC boosted its stake in shares of AptarGroup by 0.8% in the second quarter. Advisor Partners LLC now owns 6,875 shares of the industrial products company’s stock valued at $597,000 after purchasing an additional 53 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of AptarGroup by 1.2% in the second quarter. Teacher Retirement System of Texas now owns 4,993 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 59 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in shares of AptarGroup by 0.6% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 18,121 shares of the industrial products company’s stock valued at $1,574,000 after purchasing an additional 105 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.

In other AptarGroup news, insider Gael Touya sold 35,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 33,092 shares of the company’s stock, valued at $2,688,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the sale, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

Several research analysts have recently commented on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 price target on shares of AptarGroup in a research note on Thursday, July 20th. BidaskClub downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and lifted their price target for the stock from $70.00 to $77.00 in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $81.40.

AptarGroup, Inc. (NYSE ATR) opened at 84.71 on Friday. The stock has a market cap of $5.31 billion, a P/E ratio of 24.91 and a beta of 0.96. The company has a 50-day moving average of $82.82 and a 200-day moving average of $82.27. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. During the same quarter last year, the company earned $0.91 earnings per share. AptarGroup’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that AptarGroup, Inc. will post $3.34 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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