Mackenzie Financial Corp Sells 25,352 Shares of AptarGroup, Inc. (NYSE:ATR)

Mackenzie Financial Corp reduced its stake in AptarGroup, Inc. (NYSE:ATR) by 72.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,809 shares of the industrial products company’s stock after selling 25,352 shares during the quarter. Mackenzie Financial Corp’s holdings in AptarGroup were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ATR. C M Bidwell & Associates Ltd. raised its holdings in AptarGroup by 1,063.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 319 shares during the period. Adirondack Trust Co. purchased a new stake in AptarGroup in the 3rd quarter worth $50,000. CWM LLC increased its stake in AptarGroup by 39.0% in the 3rd quarter. CWM LLC now owns 467 shares of the industrial products company’s stock worth $58,000 after buying an additional 131 shares in the last quarter. Clearstead Advisors LLC increased its stake in AptarGroup by 117.7% in the 3rd quarter. Clearstead Advisors LLC now owns 751 shares of the industrial products company’s stock worth $94,000 after buying an additional 406 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in AptarGroup in the 3rd quarter worth $104,000. 88.52% of the stock is owned by institutional investors.

AptarGroup Trading Down 0.1 %

Shares of AptarGroup stock opened at $140.01 on Thursday. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.85 and a beta of 0.59. The business has a 50-day moving average price of $140.75 and a 200-day moving average price of $131.92. The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $145.35.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $838.48 million during the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Equities research analysts anticipate that AptarGroup, Inc. will post 5.21 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.17%. AptarGroup’s dividend payout ratio is currently 38.59%.

Insider Buying and Selling

In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the transaction, the director now owns 9,648 shares in the company, valued at $1,374,357.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s 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 sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total transaction of $284,900.00. Following the sale, the director now directly owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock worth $5,318,280. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ATR shares. Wells Fargo & Company increased their price target on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Robert W. Baird upgraded 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.

About AptarGroup

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.