AptarGroup, Inc. (NYSE:ATR) Shares Sold by Quilter Plc

Quilter Plc trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,696 shares of the industrial products company’s stock after selling 616 shares during the quarter. Quilter Plc’s holdings in AptarGroup were worth $738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of AptarGroup by 5.2% during the fourth quarter. Empowered Funds LLC now owns 2,164 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 107 shares during the period. EULAV Asset Management grew its position in AptarGroup by 25.5% during the fourth quarter. EULAV Asset Management now owns 288,125 shares of the industrial products company’s stock worth $45,264,000 after buying an additional 58,599 shares during the period. Longboard Asset Management LP acquired a new position in AptarGroup during the fourth quarter worth about $225,000. Alliance Wealth Advisors LLC UT acquired a new position in AptarGroup during the fourth quarter worth about $302,000. Finally, Hanson & Doremus Investment Management grew its position in AptarGroup by 0.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock worth $2,621,000 after buying an additional 99 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATR has been the topic of several recent analyst reports. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research report on Monday, January 6th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lowered their price target on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price target for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Raymond James began coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 price target on the stock. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $190.60.

Insider Transactions at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the sale, the executive vice president now owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR opened at $143.26 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. The company has a market capitalization of $9.53 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.57 and a beta of 0.59. The company’s 50 day simple moving average is $159.87 and its 200 day simple moving average is $158.94. AptarGroup, Inc. has a 1 year low of $131.51 and a 1 year high of $178.03.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.62%. On average, sell-side analysts predict that AptarGroup, Inc. will post 5.95 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s payout ratio is currently 32.49%.

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.