Mackenzie Financial Corp Grows Position in AptarGroup, Inc. (NYSE:ATR)

Mackenzie Financial Corp lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 25.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,710 shares of the industrial products company’s stock after purchasing an additional 960 shares during the quarter. Mackenzie Financial Corp’s holdings in AptarGroup were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Allianz Asset Management GmbH grew its position in shares of AptarGroup by 17.8% in the 4th quarter. Allianz Asset Management GmbH now owns 26,031 shares of the industrial products company’s stock worth $3,218,000 after buying an additional 3,940 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in AptarGroup by 119.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,230 shares of the industrial products company’s stock worth $647,000 after purchasing an additional 2,846 shares during the period. KBC Group NV bought a new position in shares of AptarGroup during the fourth quarter valued at approximately $150,000. Schroder Investment Management Group lifted its holdings in shares of AptarGroup by 93.1% during the fourth quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company’s stock valued at $36,569,000 after purchasing an additional 142,623 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of AptarGroup in the 4th quarter worth approximately $708,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AptarGroup

In other AptarGroup 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 completion of the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the sale, the insider now owns 20,174 shares of the company’s stock, valued at $2,956,701.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were 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 owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock valued at $7,314,030 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted 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 Up 1.0 %

NYSE:ATR opened at $160.58 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 has a market cap of $10.64 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.21 and a beta of 0.58. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $161.55. The firm has a 50-day simple moving average of $151.04 and a two-hundred day simple moving average of $146.54.

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, beating the consensus estimate of $1.36 by $0.01. The company had revenue of $910.10 million during 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 firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. Analysts predict that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, July 25th. AptarGroup’s dividend payout ratio is presently 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.