National Bank of Canada FI Sells 13,008 Shares of AptarGroup, Inc. (NYSE:ATR)

National Bank of Canada FI trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 97.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351 shares of the industrial products company’s stock after selling 13,008 shares during the quarter. National Bank of Canada FI’s holdings in AptarGroup were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of AptarGroup by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,077,577 shares of the industrial products company’s stock valued at $155,053,000 after buying an additional 5,089 shares in the last quarter. Norges Bank bought a new stake in AptarGroup during the fourth quarter worth $89,855,000. Dimensional Fund Advisors LP increased its stake in shares of AptarGroup by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 666,510 shares of the industrial products company’s stock valued at $82,398,000 after purchasing an additional 8,534 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of AptarGroup by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company’s stock valued at $91,092,000 after purchasing an additional 12,533 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in shares of AptarGroup by 4.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 539,569 shares of the industrial products company’s stock worth $66,702,000 after buying an additional 24,838 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the sale, the insider now owns 20,174 shares in the company, valued at $2,956,701.44. The disclosure for this sale can be found here. Insiders sold 48,082 shares of company stock worth $7,104,287 over the last three months. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their target price on AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th.

AptarGroup Trading Up 0.2 %

NYSE ATR opened at $152.28 on Monday. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $120.36 and a twelve month high of $153.44. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average is $147.09 and its 200 day moving average is $144.98.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. The company had revenue of $910.10 million for the quarter, compared to analysts’ expectations of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, sell-side analysts expect that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a $0.45 dividend. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. AptarGroup’s payout ratio is currently 38.63%.

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.