AptarGroup, Inc. (ATR) Stake Lessened by Atlanta Capital Management Co. L L C
Atlanta Capital Management Co. L L C reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,658,421 shares of the industrial products company’s stock after selling 41,977 shares during the quarter. AptarGroup makes up approximately 1.9% of Atlanta Capital Management Co. L L C’s investment portfolio, making the stock its 16th largest position. Atlanta Capital Management Co. L L C owned approximately 5.83% of AptarGroup worth $317,770,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of ATR. UBS Asset Management Americas Inc. boosted its stake in shares of AptarGroup by 17.0% during the first quarter. UBS Asset Management Americas Inc. now owns 38,923 shares of the industrial products company’s stock valued at $2,997,000 after purchasing an additional 5,663 shares during the period. Oxford Asset Management purchased a new stake in shares of AptarGroup during the first quarter valued at $496,000. Envestnet Asset Management Inc. boosted its stake in shares of AptarGroup by 2.1% during the first quarter. Envestnet Asset Management Inc. now owns 12,337 shares of the industrial products company’s stock valued at $949,000 after purchasing an additional 255 shares during the period. Prudential Financial Inc. boosted its stake in shares of AptarGroup by 9.0% during the first quarter. Prudential Financial Inc. now owns 48,244 shares of the industrial products company’s stock valued at $3,714,000 after purchasing an additional 3,990 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of AptarGroup by 35.9% during the first quarter. Stifel Financial Corp now owns 14,056 shares of the industrial products company’s stock valued at $1,077,000 after purchasing an additional 3,714 shares during the period. 91.56% of the stock is owned by hedge funds and other institutional investors.
AptarGroup, Inc. (NYSE ATR) traded down 0.09% during mid-day trading on Monday, hitting $88.50. The company had a trading volume of 50,298 shares. The company has a 50-day moving average price of $84.76 and a 200 day moving average price of $83.41. AptarGroup, Inc. has a 52-week low of $70.32 and a 52-week high of $90.79. The company has a market capitalization of $5.55 billion, a P/E ratio of 26.03 and a beta of 0.96.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The company had revenue of $617.75 million during the quarter, compared to analysts’ expectations of $624.74 million. During the same period last year, the business posted $0.91 EPS. AptarGroup’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts forecast that AptarGroup, Inc. will post $3.34 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Friday, September 22nd. Deutsche Bank AG reissued a “buy” rating and set a $90.00 target price (up from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and set a $92.00 target price on shares of AptarGroup in a research note on Thursday, July 20th. BidaskClub lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. AptarGroup presently has a consensus rating of “Hold” and an average target price of $81.40.
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In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 6,469 shares in the company, valued at approximately $531,298.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gael Touya sold 35,000 shares of the firm’s 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 transaction, the insider now owns 33,092 shares of the company’s stock, valued at $2,688,725. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
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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