First Republic Investment Management Inc. lowered its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 33.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,058 shares of the industrial products company’s stock after selling 2,060 shares during the quarter. First Republic Investment Management Inc.’s holdings in AptarGroup were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commerce Bank bought a new position in AptarGroup during the second quarter valued at approximately $208,000. Wells Fargo & Company MN grew its stake in AptarGroup by 106.1% during the second quarter. Wells Fargo & Company MN now owns 881,861 shares of the industrial products company’s stock valued at $109,649,000 after acquiring an additional 454,013 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in AptarGroup by 7.4% during the second quarter. Mawer Investment Management Ltd. now owns 882,419 shares of the industrial products company’s stock valued at $109,652,000 after acquiring an additional 60,661 shares in the last quarter. EULAV Asset Management grew its stake in AptarGroup by 11.2% during the second quarter. EULAV Asset Management now owns 175,200 shares of the industrial products company’s stock valued at $21,784,000 after acquiring an additional 17,700 shares in the last quarter. Finally, GWM Advisors LLC grew its stake in AptarGroup by 11.2% during the second quarter. GWM Advisors LLC now owns 2,298 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating and set a $126.00 price objective for the company. in a research report on Tuesday. KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Thursday, August 1st. Morgan Stanley initiated coverage on shares of AptarGroup in a research note on Monday, July 8th. They set an “overweight” rating and a $144.00 price objective for the company. Finally, UBS Group boosted their target price on shares of AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $121.83.
Shares of AptarGroup stock traded up $0.35 during trading hours on Friday, reaching $118.40. 269,907 shares of the company’s stock were exchanged, compared to its average volume of 247,765. The business has a fifty day moving average of $120.87 and a two-hundred day moving average of $114.89. AptarGroup, Inc. has a 1 year low of $88.26 and a 1 year high of $126.19. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $7.63 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.75.
AptarGroup (NYSE:ATR) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. The company had revenue of $742.66 million for the quarter, compared to analysts’ expectations of $752.11 million. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. AptarGroup’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, research analysts predict that AptarGroup, Inc. will post 4.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio is presently 36.00%.
In related news, insider Marc Prieur sold 2,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total transaction of $242,540.00. Following the completion of the sale, the insider now directly owns 5,760 shares of the company’s stock, valued at $698,515.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total value of $1,199,300.00. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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