Argent Trust Co Has $237,000 Holdings in AptarGroup, Inc. (NYSE:ATR)

Argent Trust Co grew its position in AptarGroup, Inc. (NYSE:ATR) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,685 shares of the industrial products company’s stock after purchasing an additional 97 shares during the quarter. Argent Trust Co’s holdings in AptarGroup were worth $237,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ATR. Renaissance Technologies LLC raised its stake in AptarGroup by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 141,500 shares of the industrial products company’s stock worth $19,925,000 after purchasing an additional 9,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock valued at $100,917,000 after acquiring an additional 64,288 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of AptarGroup during the 2nd quarter worth $17,263,000. Angeles Investment Advisors LLC acquired a new position in AptarGroup in the second quarter valued at about $223,000. Finally, Brown Brothers Harriman & Co. lifted its position in AptarGroup by 22.6% during the second quarter. Brown Brothers Harriman & Co. now owns 193,967 shares of the industrial products company’s stock worth $27,312,000 after purchasing an additional 35,802 shares during the period. Institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

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

AptarGroup Trading Down 0.6 %

Shares of ATR opened at $155.91 on Friday. 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 52-week low of $120.36 and a 52-week high of $158.80. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 3.11 and a beta of 0.57. The business’s fifty day moving average is $148.33 and its 200-day moving average is $145.39.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The firm 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 revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. Equities analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

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

Insider Buying and Selling at AptarGroup

In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $147.56, for a total value 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 approximately $25,692,852.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Stephan B. Tanda sold 32,000 shares of the company’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 value of $4,721,920.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $25,692,852.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction of $117,248.00. Following the sale, the insider now directly owns 20,174 shares in the company, valued at $2,956,701.44. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock worth $7,314,030 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.