Bank of New York Mellon Corp lifted its position in AptarGroup, Inc. (NYSE:ATR) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 957,820 shares of the industrial products company’s stock after purchasing an additional 182,471 shares during the quarter. Bank of New York Mellon Corp owned about 1.54% of AptarGroup worth $89,442,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ATR. Victory Capital Management Inc. raised its stake in shares of AptarGroup by 17.3% in the second quarter. Victory Capital Management Inc. now owns 2,256,665 shares of the industrial products company’s stock worth $210,727,000 after purchasing an additional 333,376 shares during the last quarter. FMR LLC raised its stake in shares of AptarGroup by 46.3% in the second quarter. FMR LLC now owns 690,396 shares of the industrial products company’s stock worth $64,469,000 after purchasing an additional 218,466 shares during the last quarter. Sei Investments Co. raised its stake in shares of AptarGroup by 6,678.9% in the second quarter. Sei Investments Co. now owns 162,762 shares of the industrial products company’s stock worth $15,199,000 after purchasing an additional 160,361 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in shares of AptarGroup by 21.6% in the second quarter. Mawer Investment Management Ltd. now owns 456,192 shares of the industrial products company’s stock worth $42,599,000 after purchasing an additional 81,147 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of AptarGroup by 205.4% in the second quarter. Toronto Dominion Bank now owns 90,559 shares of the industrial products company’s stock worth $8,456,000 after purchasing an additional 60,908 shares during the last quarter. Hedge funds and other institutional investors own 90.18% of the company’s stock.
Shares of ATR stock opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.87 and a quick ratio of 1.33. The company has a market cap of $6.54 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.12 and a beta of 0.79. AptarGroup, Inc. has a twelve month low of $79.97 and a twelve month high of $112.31.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $665.78 million during the quarter, compared to analysts’ expectations of $673.54 million. AptarGroup had a return on equity of 18.42% and a net margin of 7.52%. AptarGroup’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. As a group, equities analysts predict that AptarGroup, Inc. will post 3.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, October 31st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, October 30th. AptarGroup’s dividend payout ratio is currently 39.53%.
In other AptarGroup news, Director Monnas Giovanna Kampouri sold 12,667 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $105.45, for a total value of $1,335,735.15. Following the sale, the director now directly owns 11,040 shares of the company’s stock, valued at $1,164,168. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $104.31, for a total value of $2,607,750.00. Following the completion of the sale, the director now directly owns 110,105 shares in the company, valued at $11,485,052.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,667 shares of company stock valued at $6,566,485. 5.30% of the stock is owned by company insiders.
ATR has been the subject of several research analyst reports. Deutsche Bank set a $115.00 price objective on AptarGroup and gave the stock a “buy” rating in a research note on Monday, July 30th. ValuEngine upgraded AptarGroup from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Monday, October 1st. BMO Capital Markets lifted their price target on AptarGroup from $92.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Finally, Wells Fargo & Co lifted their price target on AptarGroup from $93.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $105.13.
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AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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