AptarGroup, Inc. (NYSE:ATR) Shares Bought by AIA Group Ltd

AIA Group Ltd boosted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 36.9% in the 4th quarter, HoldingsChannel reports. The fund owned 12,118 shares of the industrial products company’s stock after acquiring an additional 3,269 shares during the period. AIA Group Ltd’s holdings in AptarGroup were worth $1,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATR. Raymond James Financial Services Advisors Inc. grew its holdings in AptarGroup by 10.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,393 shares of the industrial products company’s stock worth $1,221,000 after acquiring an additional 970 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of AptarGroup by 6.3% in the 1st quarter. HighTower Advisors LLC now owns 6,976 shares of the industrial products company’s stock valued at $820,000 after buying an additional 416 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of AptarGroup by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,547 shares of the industrial products company’s stock valued at $4,539,000 after buying an additional 3,125 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of AptarGroup by 7.1% in the 1st quarter. Raymond James Trust N.A. now owns 4,632 shares of the industrial products company’s stock valued at $545,000 after buying an additional 308 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of AptarGroup by 0.4% in the 1st quarter. Sei Investments Co. now owns 122,797 shares of the industrial products company’s stock valued at $14,429,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Down 0.0 %

Shares of NYSE:ATR opened at $139.06 on Friday. The stock has a market cap of $9.20 billion, a P/E ratio of 32.73, a P/E/G ratio of 3.79 and a beta of 0.59. The firm has a fifty day moving average price of $140.54 and a 200 day moving average price of $131.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83. AptarGroup, Inc. has a 1-year low of $111.63 and a 1-year high of $145.35.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. AptarGroup’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. Sell-side analysts predict that AptarGroup, Inc. will post 5.22 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. AptarGroup’s payout ratio is currently 38.59%.

Wall Street Analysts Forecast Growth

ATR has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $125.00 to $150.00 in a research note on Wednesday, January 3rd.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the transaction, the insider now owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock worth $5,318,280. 1.00% of the stock is owned by insiders.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.