ETF Managers Group LLC increased its stake in AptarGroup, Inc. (NYSE:ATR – Get Rating) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,097 shares of the industrial products company’s stock after buying an additional 238 shares during the period. ETF Managers Group LLC’s holdings in AptarGroup were worth $671,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Morgan Stanley increased its stake in shares of AptarGroup by 866.4% during the fourth quarter. Morgan Stanley now owns 3,913,980 shares of the industrial products company’s stock valued at $430,460,000 after purchasing an additional 3,508,965 shares in the last quarter. State Street Corp boosted its stake in shares of AptarGroup by 5.7% during the 3rd quarter. State Street Corp now owns 3,159,250 shares of the industrial products company’s stock worth $300,224,000 after acquiring an additional 171,060 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of AptarGroup by 3.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,981,210 shares of the industrial products company’s stock worth $327,950,000 after acquiring an additional 97,888 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of AptarGroup by 0.8% during the 4th quarter. Boston Trust Walden Corp now owns 1,251,562 shares of the industrial products company’s stock worth $137,647,000 after acquiring an additional 9,527 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of AptarGroup by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,124,904 shares of the industrial products company’s stock worth $124,466,000 after acquiring an additional 20,787 shares during the last quarter. 89.37% of the stock is owned by institutional investors.
Insider Buying and Selling at AptarGroup
In other AptarGroup news, insider Marc Prieur sold 6,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $119.00, for a total value of $714,000.00. Following the completion of the sale, the insider now directly owns 25,028 shares of the company’s stock, valued at approximately $2,978,332. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.
AptarGroup Stock Performance
AptarGroup (NYSE:ATR – Get Rating) last released its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. AptarGroup had a net margin of 6.94% and a return on equity of 12.53%. The firm had revenue of $860.07 million during the quarter, compared to analysts’ expectations of $829.92 million. During the same period in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts expect that AptarGroup, Inc. will post 4.17 earnings per share for the current fiscal year.
AptarGroup Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Thursday, May 4th were given a $0.38 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $1.52 annualized dividend and a yield of 1.30%. AptarGroup’s dividend payout ratio (DPR) is 43.80%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on ATR. Bank of America raised their price objective on shares of AptarGroup from $132.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, April 20th. Robert W. Baird lifted their price target on shares of AptarGroup from $115.00 to $125.00 in a report on Monday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AptarGroup from $130.00 to $134.00 in a report on Monday, May 1st. StockNews.com began coverage on shares of AptarGroup in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $121.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, February 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.33.
AptarGroup Profile
AptarGroup, Inc engages in the design, manufacture, drug delivery, consumer product dispensing, sealing and active packaging solutions, and services for the prescription drug, consumer health care, injectable, active packaging, beauty, personal care, home care, and food and beverages industries. It operates through the following segments: Pharma, Beauty and Home, and Food and Beverage.
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