Jefferies Group LLC grew its stake in AptarGroup, Inc. (NYSE:ATR) by 104.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,633 shares of the industrial products company’s stock after purchasing an additional 10,038 shares during the period. Jefferies Group LLC’s holdings in AptarGroup were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ATR. Zions Bancorporation bought a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $187,000. Vident Investment Advisory LLC bought a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $221,000. Centiva Capital LP bought a new stake in shares of AptarGroup in the 4th quarter valued at approximately $235,000. Dean Capital Investments Management LLC bought a new stake in shares of AptarGroup in the 4th quarter valued at approximately $273,000. Finally, First Citizens Bank & Trust Co. grew its stake in shares of AptarGroup by 47.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 3,555 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 92.25% of the company’s stock.
Several equities research analysts have recently weighed in on ATR shares. Zacks Investment Research lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Wells Fargo & Co reiterated a “market perform” rating and issued a $90.00 price objective (up from $83.00) on shares of AptarGroup in a research note on Wednesday, February 14th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $92.00 price objective on shares of AptarGroup in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. AptarGroup currently has an average rating of “Hold” and a consensus price target of $85.38.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.10. The business had revenue of $625.90 million for the quarter, compared to analyst estimates of $577.17 million. AptarGroup had a return on equity of 16.97% and a net margin of 8.91%. AptarGroup’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. analysts anticipate that AptarGroup, Inc. will post 3.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were given a $0.32 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.28 dividend on an annualized basis and a yield of 1.41%. AptarGroup’s payout ratio is 37.43%.
In other AptarGroup news, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $91.17, for a total value of $2,279,250.00. Following the transaction, the director now directly owns 114,613 shares in the company, valued at approximately $10,449,267.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eldon W. Schaffer II sold 20,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $90.17, for a total value of $1,803,400.00. Following the completion of the transaction, the insider now owns 52,857 shares in the company, valued at $4,766,115.69. The disclosure for this sale can be found here. Insiders sold a total of 119,597 shares of company stock worth $10,788,114 over the last quarter. Corporate insiders own 5.30% of the company’s stock.
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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