AptarGroup, Inc. (NYSE:ATR) Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 69.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,267 shares of the industrial products company’s stock after acquiring an additional 62,500 shares during the quarter. Envestnet Asset Management Inc. owned 0.23% of AptarGroup worth $21,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of AptarGroup during the first quarter worth approximately $25,000. Blue Trust Inc. boosted its stake in shares of AptarGroup by 281.0% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after buying an additional 177 shares during the period. Gradient Investments LLC purchased a new position in shares of AptarGroup during the 2nd quarter valued at $40,000. Versant Capital Management Inc increased its stake in shares of AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 299 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of AptarGroup during the first quarter worth $52,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup 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 transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Gael Touya sold 3,300 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the sale, the insider now directly owns 32,165 shares of the company’s stock, valued at $4,876,857.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the chief executive officer now directly owns 174,118 shares in the company, valued at approximately $25,692,852.08. The disclosure for this sale can be found here. In the last three months, insiders sold 49,457 shares of company stock valued at $7,314,030. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

ATR stock opened at $155.91 on Monday. The firm has a 50 day moving average of $148.33 and a two-hundred day moving average of $145.42. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $158.80. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 3.11 and a beta of 0.57. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same period in the prior year, the business posted $1.23 earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The company 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, July 25th. AptarGroup’s payout ratio is presently 38.63%.

Analyst Ratings Changes

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

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.