Parallel Advisors LLC Raises Stake in AptarGroup, Inc. (NYSE:ATR)

Parallel Advisors LLC boosted its position in AptarGroup, Inc. (NYSE:ATR) by 116.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,822 shares of the industrial products company’s stock after buying an additional 1,517 shares during the period. Parallel Advisors LLC’s holdings in AptarGroup were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in AptarGroup by 9.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock valued at $2,532,000 after buying an additional 1,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in AptarGroup by 167.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock valued at $957,000 after acquiring an additional 4,186 shares during the period. First Financial Bank Trust Division acquired a new position in AptarGroup in the first quarter valued at approximately $3,038,000. Wells Fargo & Company MN lifted its holdings in AptarGroup by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 109,060 shares of the industrial products company’s stock valued at $13,482,000 after acquiring an additional 5,295 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its holdings in AptarGroup by 90.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 19,023 shares of the industrial products company’s stock valued at $2,737,000 after acquiring an additional 9,021 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR stock opened at $153.00 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 3.11 and a beta of 0.57. The stock has a 50 day simple moving average of $147.57 and a 200-day simple moving average of $145.15. AptarGroup, Inc. has a 1-year low of $120.36 and a 1-year high of $155.57.

AptarGroup (NYSE:ATR) last announced its 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 business had revenue of $910.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 EPS. On average, equities research analysts expect that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The company 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 an increase from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup’s dividend payout ratio is currently 38.63%.

Wall Street Analyst Weigh In

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

Insider Activity at AptarGroup

In related news, insider Xiangwei Gong sold 800 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the transaction, the insider now directly owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 1,922 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total value of $277,594.46. Following the completion of the transaction, the director now directly owns 8,839 shares of the company’s stock, valued at approximately $1,276,616.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Xiangwei Gong sold 800 shares of the stock in a transaction 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 transaction, the insider now directly owns 20,174 shares of the company’s stock, valued at $2,956,701.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is owned by insiders.

AptarGroup Company 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.