AptarGroup, Inc. (ATR) Position Raised by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System increased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,061 shares of the industrial products company’s stock after purchasing an additional 1,320 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of AptarGroup worth $8,377,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cigna Investments Inc. New bought a new stake in AptarGroup during the second quarter worth about $206,000. Stewart & Patten Co. LLC bought a new stake in AptarGroup during the second quarter worth about $208,000. Rehmann Capital Advisory Group bought a new stake in AptarGroup during the second quarter worth about $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AptarGroup by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 187 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in shares of AptarGroup by 233.1% in the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 4,428 shares during the last quarter. 92.31% of the stock is owned by institutional investors and hedge funds.
AptarGroup, Inc. (ATR) opened at $84.91 on Monday. The stock has a market cap of $5,289.37, a P/E ratio of 25.73, a P/E/G ratio of 2.98 and a beta of 0.97. AptarGroup, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $90.79. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $624.33 million during the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. equities analysts expect that AptarGroup, Inc. will post 3.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
In related news, Director Maritza Gomez Montiel sold 3,780 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total value of $324,475.20. Following the completion of the transaction, the director now owns 3,336 shares in the company, valued at approximately $286,362.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s 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 transaction, the director now owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,910 shares of company stock valued at $2,056,799. 5.30% of the stock is owned by company insiders.
A number of research firms have recently commented on ATR. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Zacks Investment Research cut shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. AptarGroup has a consensus rating of “Hold” and a consensus target price of $84.57.
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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