AptarGroup, Inc. (NYSE:ATR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in AptarGroup, Inc. (NYSE:ATR) by 0.2% during the first quarter, Holdings Channel.com reports. The fund owned 58,326 shares of the industrial products company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in AptarGroup were worth $8,654,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ATR. US Bancorp DE lifted its holdings in AptarGroup by 52.0% in the 4th quarter. US Bancorp DE now owns 19,141 shares of the industrial products company’s stock valued at $3,007,000 after purchasing an additional 6,545 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in AptarGroup by 12.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 72 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of AptarGroup by 310.4% during the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 447 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of AptarGroup by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 418,737 shares of the industrial products company’s stock worth $65,784,000 after acquiring an additional 2,885 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of AptarGroup by 5.8% during the 4th quarter. Atria Investments Inc now owns 4,549 shares of the industrial products company’s stock worth $715,000 after acquiring an additional 250 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ATR. Wells Fargo & Company restated 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. Wall Street Zen raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Finally, Raymond James Financial decreased their price objective on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $178.60.

Insider Buying and Selling at AptarGroup

In related news, insider Xiangwei Gong sold 7,000 shares of AptarGroup stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the transaction, the insider directly owned 10,265 shares of the company’s stock, valued at $1,606,369.85. The trade was a 40.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kimberly Chainey sold 1,671 shares of AptarGroup stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the transaction, the executive vice president directly owned 11,088 shares in the company, valued at approximately $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 quarter, insiders sold 45,680 shares of company stock valued at $6,983,798. 0.68% of the stock is currently owned by insiders.

AptarGroup Stock Performance

ATR stock opened at $161.09 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.85 and a current ratio of 1.25. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 3.31 and a beta of 0.57. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The stock’s fifty day moving average is $153.97 and its two-hundred day moving average is $151.47.

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

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, May 1st. AptarGroup’s dividend payout ratio is currently 32.85%.

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.