Magnetar Financial LLC Purchases 10,306 Shares of AptarGroup, Inc. (NYSE:ATR)

Magnetar Financial LLC raised its position in AptarGroup, Inc. (NYSE:ATR) by 44.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,302 shares of the industrial products company’s stock after purchasing an additional 10,306 shares during the period. Magnetar Financial LLC owned approximately 0.05% of AptarGroup worth $4,689,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of AptarGroup by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,077,577 shares of the industrial products company’s stock valued at $155,053,000 after buying an additional 5,089 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of AptarGroup by 111.0% during the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after purchasing an additional 565,511 shares during the period. American Century Companies Inc. raised its position in shares of AptarGroup by 35.9% during the second quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after purchasing an additional 212,886 shares during the period. Norges Bank bought a new position in shares of AptarGroup during the 4th quarter valued at about $89,855,000. Finally, Dimensional Fund Advisors LP grew its position in shares of AptarGroup by 9.9% in 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 purchasing an additional 64,288 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Robert Kuhn sold 200 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the completion of the transaction, the chief financial officer now directly owns 65,552 shares of the company’s stock, valued at $9,844,599.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’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 sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The disclosure for this sale can be found here. Insiders sold 49,457 shares of company stock worth $7,314,030 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $155.91 on Monday. 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 firm 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. The stock’s 50-day moving average is $148.33 and its 200-day moving average is $145.42. AptarGroup, Inc. has a one year low of $120.36 and a one year high of $158.80.

AptarGroup (NYSE:ATR) last released 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 firm had revenue of $910.10 million during the quarter, compared to the consensus estimate of $930.15 million. During the same quarter in the prior year, the firm posted $1.23 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Equities analysts predict that AptarGroup, Inc. will post 5.36 earnings per share 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup’s dividend payout ratio is currently 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.