Massachusetts Financial Services Co. MA Invests $17.26 Million in AptarGroup, Inc. (NYSE:ATR)

Massachusetts Financial Services Co. MA acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,600 shares of the industrial products company’s stock, valued at approximately $17,263,000. Massachusetts Financial Services Co. MA owned about 0.19% of AptarGroup as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATR. Angeles Investment Advisors LLC purchased a new stake in AptarGroup during the second quarter valued at approximately $223,000. Brown Brothers Harriman & Co. increased its stake in shares of AptarGroup by 22.6% in the 2nd 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 in the last quarter. Nia Impact Advisors LLC raised its holdings in AptarGroup by 4.7% in the 2nd quarter. Nia Impact Advisors LLC now owns 9,570 shares of the industrial products company’s stock worth $1,348,000 after purchasing an additional 430 shares during the period. Hanson & Doremus Investment Management lifted its position in AptarGroup by 5.6% during the second quarter. Hanson & Doremus Investment Management now owns 15,042 shares of the industrial products company’s stock valued at $2,118,000 after purchasing an additional 804 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in AptarGroup by 69.6% during the second quarter. Envestnet Asset Management Inc. now owns 152,267 shares of the industrial products company’s stock valued at $21,441,000 after purchasing an additional 62,500 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Activity

In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Xiangwei Gong sold 7,200 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $146.52, for a total value of $1,054,944.00. Following the completion of the transaction, the insider now directly owns 12,974 shares of the company’s stock, valued at $1,900,950.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. The disclosure for this sale can be found here. Insiders sold a total of 49,457 shares of company stock worth $7,314,030 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AptarGroup Stock Down 0.6 %

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. The firm’s fifty day moving average is $148.33 and its 200 day moving average is $145.39. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $158.80.

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, topping the consensus estimate of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The firm had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. During the same quarter last year, the business posted $1.23 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts forecast that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal 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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, July 25th. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s dividend payout ratio is 38.63%.

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.