Park Avenue Securities LLC Cuts Stock Position in AptarGroup, Inc. (NYSE:ATR)

Park Avenue Securities LLC lessened its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 8.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,591 shares of the industrial products company’s stock after selling 144 shares during the quarter. Park Avenue Securities LLC’s holdings in AptarGroup were worth $229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in AptarGroup during the 1st quarter worth approximately $25,000. Mather Group LLC. purchased a new position in AptarGroup in the first quarter valued at $52,000. GAMMA Investing LLC acquired a new position in AptarGroup during the 4th quarter worth $61,000. Signaturefd LLC increased its holdings in 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. Finally, USA Financial Formulas acquired a new stake in AptarGroup in the 3rd quarter valued at about $104,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

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

AptarGroup Stock Down 1.6 %

Shares of NYSE:ATR opened at $138.49 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $146.13 and a 200-day simple moving average of $138.89. The company has a market capitalization of $9.18 billion, a PE ratio of 29.72, a P/E/G ratio of 3.00 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $151.73.

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

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 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.