GAMMA Investing LLC Grows Position in AptarGroup, Inc. (NYSE:ATR)

GAMMA Investing LLC grew its position in shares of AptarGroup, Inc. (NYSE:ATR) by 36.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367 shares of the industrial products company’s stock after purchasing an additional 365 shares during the quarter. GAMMA Investing LLC’s holdings in AptarGroup were worth $203,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its holdings in AptarGroup by 13.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company’s stock worth $1,494,000 after buying an additional 1,146 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of AptarGroup by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after acquiring an additional 127 shares during the period. Stifel Financial Corp boosted its stake in shares of AptarGroup by 172.7% during the 4th quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company’s stock worth $1,880,000 after acquiring an additional 7,575 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of AptarGroup during the 4th quarter valued at about $7,957,000. Finally, Moran Wealth Management LLC grew its position in shares of AptarGroup by 3.7% during the 4th quarter. Moran Wealth Management LLC now owns 22,054 shares of the industrial products company’s stock valued at $3,465,000 after acquiring an additional 791 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Price Performance

NYSE:ATR opened at $161.09 on Friday. The stock has a 50 day moving average of $153.78 and a two-hundred day moving average of $151.52. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The firm has a market cap of $10.64 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 3.29 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. AptarGroup had a return on equity of 15.10% and a net margin of 10.41%. The firm had revenue of $887.31 million for the quarter, compared to analyst estimates of $894.26 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.12%. AptarGroup’s dividend payout ratio (DPR) is presently 32.85%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ATR shares. Raymond James Financial lowered their price target on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $178.60.

Insider Buying and Selling at AptarGroup

In other news, insider Hedi Tlili sold 3,614 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $155.96, for a total value of $563,639.44. Following the transaction, the insider directly owned 9,379 shares of the company’s stock, valued at approximately $1,462,748.84. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kimberly Chainey sold 1,671 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total transaction of $255,312.09. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at $1,694,135.52. The trade was a 13.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,680 shares of company stock valued at $6,983,798. 0.68% of the stock is owned by company insiders.

AptarGroup Company 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.