PNC Financial Services Group Inc. Cuts Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

PNC Financial Services Group Inc. trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,304 shares of the industrial products company’s stock after selling 609 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AptarGroup were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. raised its stake in shares of AptarGroup by 1,063.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 319 shares during the period. GAMMA Investing LLC bought a new stake in shares of AptarGroup during the 4th quarter worth $61,000. Signaturefd LLC raised its stake in shares of AptarGroup by 41.8% during the 4th quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 206 shares during the period. USA Financial Formulas bought a new stake in shares of AptarGroup during the 3rd quarter worth $104,000. Finally, KBC Group NV bought a new stake in shares of AptarGroup during the 4th quarter worth $150,000. 88.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATR has been the topic of a number of recent analyst reports. William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Robert W. Baird boosted their price objective on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company boosted their price objective on AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research note on Monday, April 29th.

Insider Transactions at AptarGroup

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

AptarGroup Trading Up 0.7 %

Shares of ATR opened at $146.84 on Friday. The business’s 50-day moving average price is $145.65 and its 200-day moving average price is $138.06. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $151.73. The stock has a market cap of $9.73 billion, a PE ratio of 31.51, a P/E/G ratio of 3.12 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.13. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm had revenue of $915.45 million for the quarter, compared to analysts’ expectations of $897.40 million. On average, equities analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Announces Dividend

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

About AptarGroup

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.