1,650 Shares in AptarGroup, Inc. (NYSE:ATR) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,650 shares of the industrial products company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently bought and sold shares of the business. C M Bidwell & Associates Ltd. increased its stake in shares of AptarGroup by 1,063.3% in 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 period. GAMMA Investing LLC acquired a new position in shares of AptarGroup in the 4th quarter valued at about $61,000. Signaturefd LLC boosted its stake in shares of AptarGroup by 41.8% in the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock worth $86,000 after buying an additional 206 shares during the last quarter. USA Financial Formulas acquired a new stake in AptarGroup during the third quarter worth about $104,000. Finally, KBC Group NV purchased a new position in AptarGroup during the fourth quarter valued at approximately $150,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Performance

NYSE:ATR opened at $146.85 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. The stock has a market capitalization of $9.73 billion, a PE ratio of 31.51, a P/E/G ratio of 3.10 and a beta of 0.60. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $151.73. The company has a fifty day moving average of $145.65 and a two-hundred day moving average of $138.15.

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

AptarGroup Dividend Announcement

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

Insider Buying and Selling at AptarGroup

In other news, EVP Kimberly Chainey sold 825 shares of the stock in a transaction dated Thursday, June 6th. The shares were 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 directly owns 8,812 shares in the company, valued at $1,293,337.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other 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 directly owns 8,812 shares in the company, valued at $1,293,337.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc Prieur sold 3,200 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the transaction, the insider now directly owns 16,616 shares in the company, valued at approximately $2,474,454.72. 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. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATR. Robert W. Baird raised their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company increased their target price on shares of AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th.

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.