Great West Life Assurance Co. Can Grows Holdings in AptarGroup, Inc. (ATR)
Great West Life Assurance Co. Can grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,700 shares of the industrial products company’s stock after buying an additional 874 shares during the quarter. Great West Life Assurance Co. Can owned 0.06% of AptarGroup worth $3,281,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATR. Cigna Investments Inc. New purchased a new position in shares of AptarGroup in the second quarter valued at $206,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 valued at $217,000 after purchasing an additional 187 shares during the period. Susquehanna International Group LLP boosted its stake 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 valued at $220,000 after purchasing an additional 4,428 shares during the period. Ballentine Partners LLC purchased a new position in shares of AptarGroup in the second quarter valued at $244,000. Finally, Acrospire Investment Management LLC acquired a new stake in AptarGroup in the second quarter valued at $243,000. Institutional investors own 91.00% of the company’s stock.
In related news, Director Ralf K. Wunderlich sold 26,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total value of $2,262,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $86.12, for a total transaction of $2,153,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,910 shares of company stock worth $6,745,469. Corporate insiders own 5.30% of the company’s stock.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The business had revenue of $624.33 million for the quarter, compared to analysts’ expectations of $599.31 million. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. analysts expect that AptarGroup, Inc. will post 3.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.47%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
Several analysts recently issued reports on ATR shares. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub cut shares of AptarGroup from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Jefferies Group reaffirmed a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a report on Thursday, August 31st. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Finally, Robert W. Baird reissued a “hold” rating and set a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $84.57.
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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