Amalgamated Bank Has $4.72 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Amalgamated Bank decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,517 shares of the industrial products company’s stock after selling 2,528 shares during the period. Amalgamated Bank owned 0.05% of AptarGroup worth $4,720,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in AptarGroup by 9.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock valued at $2,532,000 after purchasing an additional 1,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in AptarGroup by 167.2% during 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 purchasing an additional 4,186 shares during the last quarter. First Financial Bank Trust Division acquired a new stake in AptarGroup during the first quarter valued at $3,038,000. Wells Fargo & Company MN boosted its position in AptarGroup by 5.1% during 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 purchasing an additional 5,295 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of 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 worth $2,737,000 after buying an additional 9,021 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In other news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the transaction, the insider now directly owns 20,174 shares in the company, valued at $2,956,701.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction of $117,248.00. Following the transaction, the insider now directly owns 20,174 shares in the company, valued at $2,956,701.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hedi Tlili sold 1,375 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the transaction, the insider now owns 9,379 shares in the company, valued at $1,430,672.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,457 shares of company stock worth $7,314,030. Company insiders own 1.00% of the company’s stock.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $155.91 on Friday. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $158.80. The business has a 50-day moving average of $148.33 and a two-hundred day moving average of $145.41. The stock has a market capitalization of $10.33 billion, a P/E ratio of 33.46, a P/E/G ratio of 3.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The company had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict 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. Stockholders of record on Thursday, July 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. AptarGroup’s payout ratio is presently 38.63%.

Wall Street Analysts Forecast Growth

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

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.