American International Group Inc. Reduces Holdings in AptarGroup, Inc. (NYSE:ATR)

American International Group Inc. lowered its position in AptarGroup, Inc. (NYSE:ATR) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 88,853 shares of the industrial products company’s stock after selling 3,622 shares during the period. American International Group Inc. owned 0.13% of AptarGroup worth $10,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATR. C M Bidwell & Associates Ltd. boosted its position in AptarGroup by 1,063.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 319 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of AptarGroup in the fourth quarter valued at approximately $61,000. Signaturefd LLC increased its holdings in shares of AptarGroup by 41.8% in the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 206 shares during the last quarter. USA Financial Formulas purchased a new position in AptarGroup during the third quarter worth approximately $104,000. Finally, KBC Group NV acquired a new position in AptarGroup during the fourth quarter worth $150,000. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Trading Up 1.1 %

NYSE ATR opened at $146.29 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The stock has a market capitalization of $9.69 billion, a P/E ratio of 31.39, a PEG ratio of 3.08 and a beta of 0.60. The firm’s 50-day moving average is $145.05 and its two-hundred day moving average is $137.69. AptarGroup, Inc. has a 12 month low of $111.63 and a 12 month high of $151.73.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.13 by $0.13. The firm had revenue of $915.45 million for the quarter, compared to analyst estimates of $897.40 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th were paid a $0.41 dividend. The ex-dividend date was Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.12%. AptarGroup’s payout ratio is presently 35.19%.

Insider Activity at AptarGroup

In related news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total transaction of $672,347.06. Following the completion of the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,360,799.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total value of $672,347.06. Following the completion of the transaction, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,360,799.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kimberly Chainey sold 825 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the sale, the executive vice president now directly owns 8,812 shares in the company, valued at approximately $1,293,337.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,659 shares of company stock worth $1,269,976. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Finally, Robert W. Baird lifted their price target on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 29th.

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.