Inspire Investing LLC Grows Position in AptarGroup, Inc. (NYSE:ATR)

Inspire Investing LLC lifted its stake in AptarGroup, Inc. (NYSE:ATR) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,509 shares of the industrial products company’s stock after purchasing an additional 627 shares during the quarter. Inspire Investing LLC’s holdings in AptarGroup were worth $2,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATR. Dimensional Fund Advisors LP boosted its holdings in shares of AptarGroup by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 666,510 shares of the industrial products company’s stock worth $82,398,000 after purchasing an additional 8,534 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of AptarGroup by 7.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,017 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 329 shares during the period. Norges Bank purchased a new position in shares of AptarGroup in the 4th quarter worth approximately $89,855,000. UBS Group AG boosted its holdings in shares of AptarGroup by 9.6% in the 4th quarter. UBS Group AG now owns 58,423 shares of the industrial products company’s stock worth $7,222,000 after purchasing an additional 5,110 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of AptarGroup by 7.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,879 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

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

AptarGroup Price Performance

ATR opened at $152.97 on Thursday. The business has a fifty day moving average of $147.81 and a 200 day moving average of $145.21. AptarGroup, Inc. has a 52-week low of $120.36 and a 52-week high of $155.57. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The stock has a market cap of $10.14 billion, a P/E ratio of 32.83, a PEG ratio of 3.11 and a beta of 0.57.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data 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. 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 business earned $1.23 EPS. AptarGroup’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were given a dividend of $0.45 per share. 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 yield of 1.18%. AptarGroup’s payout ratio is 38.63%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup 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 directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup 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 directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the sale, the insider now directly owns 20,174 shares of the company’s stock, valued at $2,956,701.44. The disclosure for this sale can be found here. Insiders sold a total of 49,457 shares of company stock valued at $7,314,030 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

AptarGroup 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.