AptarGroup, Inc. (ATR) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,044 shares of the industrial products company’s stock after purchasing an additional 1,953 shares during the period. Nationwide Fund Advisors owned 0.17% of AptarGroup worth $9,211,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in AptarGroup by 5,710.7% in the 1st quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock valued at $391,639,000 after acquiring an additional 4,999,339 shares during the last quarter. State Street Corp grew its stake in shares of AptarGroup by 12.5% in the 1st quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock valued at $261,776,000 after buying an additional 377,227 shares during the period. Vanguard Group Inc. grew its stake in shares of AptarGroup by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 5,868,657 shares of the industrial products company’s stock valued at $451,828,000 after buying an additional 355,044 shares during the period. Champlain Investment Partners LLC grew its stake in shares of AptarGroup by 40.9% in the 1st quarter. Champlain Investment Partners LLC now owns 1,179,380 shares of the industrial products company’s stock valued at $90,800,000 after buying an additional 342,255 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of AptarGroup in the 2nd quarter valued at approximately $28,712,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.
ATR has been the subject of several analyst reports. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BMO Capital Markets reissued a “hold” rating and issued a $79.00 price target on shares of AptarGroup in a research report on Sunday, July 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a research report on Thursday, August 31st. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, KeyCorp restated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $81.40.
In other news, insider Gael Touya sold 35,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 33,092 shares in the company, valued at $2,688,725. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was 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 owns 6,469 shares in the company, valued at approximately $531,298.97. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
Shares of AptarGroup, Inc. (ATR) opened at 86.54 on Thursday. The stock has a market cap of $5.43 billion, a P/E ratio of 25.45 and a beta of 0.96. AptarGroup, Inc. has a 12-month low of $70.32 and a 12-month high of $90.79. The company’s 50-day moving average is $83.04 and its 200-day moving average is $82.51.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share 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 analyst estimates of $624.74 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts expect that AptarGroup, Inc. will post $3.34 earnings per share for the current fiscal year.
WARNING: “AptarGroup, Inc. (ATR) Shares Bought by Nationwide Fund Advisors” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/28/aptargroup-inc-atr-shares-bought-by-nationwide-fund-advisors.html.
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.
Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (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.