Mountain Pacific Investment Advisers Inc. ID Sells 2,855 Shares of AptarGroup, Inc. (NYSE:ATR)

Mountain Pacific Investment Advisers Inc. ID reduced its position in AptarGroup, Inc. (NYSE:ATR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,850 shares of the industrial products company’s stock after selling 2,855 shares during the period. AptarGroup makes up 2.8% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 12th largest holding. Mountain Pacific Investment Advisers Inc. ID owned about 0.55% of AptarGroup worth $44,979,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. C M Bidwell & Associates Ltd. lifted its holdings in shares of AptarGroup by 1,063.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 319 shares in the last quarter. Adirondack Trust Co. bought a new position in AptarGroup during the 3rd quarter valued at $50,000. CWM LLC boosted its holdings in AptarGroup by 39.0% during the 3rd quarter. CWM LLC now owns 467 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 131 shares during the last quarter. GAMMA Investing LLC purchased a new position in AptarGroup during the 4th quarter worth $61,000. Finally, Signaturefd LLC grew its stake in shares of AptarGroup by 41.8% in the 4th quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Up 2.2 %

AptarGroup stock opened at $143.28 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.48 billion, a P/E ratio of 33.71, a P/E/G ratio of 3.84 and a beta of 0.59. The firm has a 50 day moving average price of $140.97 and a 200-day moving average price of $132.09. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $148.51.

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

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is presently 38.59%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ATR shares. Wells Fargo & Company upped their price objective on shares of AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and upped their target price for the company from $125.00 to $150.00 in a report 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.