AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,500 shares of the industrial products company’s stock after buying an additional 9,000 shares during the period. Renaissance Technologies LLC owned 0.21% of AptarGroup worth $19,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of AptarGroup by 3.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock worth $332,000 after acquiring an additional 82 shares during the period. Adirondack Trust Co. raised its stake in AptarGroup by 25.0% during the second quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 100 shares during the period. Delaney Dennis R raised its stake in AptarGroup by 0.3% during the first quarter. Delaney Dennis R now owns 45,649 shares of the industrial products company’s stock worth $6,568,000 after purchasing an additional 155 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of AptarGroup by 1.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,002 shares of the industrial products company’s stock valued at $1,583,000 after purchasing an additional 167 shares during the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of AptarGroup during the 1st quarter valued at $25,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares in the company, valued at $25,692,852.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Kuhn sold 200 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the transaction, the chief financial officer now directly owns 65,552 shares in the company, valued at $9,844,599.36. The disclosure for this sale can be found here. Insiders sold 49,457 shares of company stock valued at $7,314,030 over the last quarter. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

AptarGroup Stock Down 0.6 %

ATR opened at $155.91 on Friday. The company has a market cap of $10.33 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup, Inc. has a 1 year low of $120.36 and a 1 year high of $158.80. The firm has a 50 day moving average price of $148.33 and a 200 day moving average price of $145.39.

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

AptarGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, July 25th. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s payout ratio is currently 38.63%.

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.