AptarGroup, Inc. (NYSE:ATR) is Boston Trust Walden Corp’s 4th Largest Position

Boston Trust Walden Corp cut its stake in AptarGroup, Inc. (NYSE:ATR) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,449,817 shares of the industrial products company’s stock after selling 18,484 shares during the period. AptarGroup accounts for about 1.6% of Boston Trust Walden Corp’s portfolio, making the stock its 4th largest position. Boston Trust Walden Corp’s holdings in AptarGroup were worth $232,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. boosted its position in AptarGroup by 111.0% in the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock valued at $151,394,000 after buying an additional 565,511 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in AptarGroup by 182.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company’s stock valued at $86,315,000 after acquiring an additional 347,800 shares during the period. American Century Companies Inc. boosted its holdings in shares of AptarGroup by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock valued at $113,395,000 after acquiring an additional 212,886 shares during the last quarter. Millennium Management LLC increased its stake in shares of AptarGroup by 36.2% in the second quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company’s stock worth $73,179,000 after acquiring an additional 138,134 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of AptarGroup during the second quarter worth $17,263,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATR. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company lifted their price target on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $190.00.

AptarGroup Stock Performance

ATR traded up $2.36 on Friday, reaching $168.91. The stock had a trading volume of 518,947 shares, compared to its average volume of 292,642. The business’s 50-day moving average price is $156.93 and its two-hundred day moving average price is $148.92. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $169.85. The company has a market cap of $11.19 billion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. AptarGroup’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. Sell-side analysts forecast that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, October 24th. AptarGroup’s payout ratio is 38.63%.

AptarGroup announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to buy up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Monnas Giovanna Kampouri sold 1,922 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.43, for a total value of $277,594.46. Following the completion of the sale, the director now owns 8,839 shares of the company’s stock, valued at approximately $1,276,616.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Xiangwei Gong sold 800 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the transaction, the insider now directly owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Monnas Giovanna Kampouri sold 1,922 shares of AptarGroup stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the sale, the director now directly owns 8,839 shares in the company, valued at approximately $1,276,616.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock worth $7,314,030 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Profile

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.