Seven Eight Capital LP Invests $511,000 in AptarGroup, Inc. (NYSE:ATR)

Seven Eight Capital LP bought a new stake in AptarGroup, Inc. (NYSE:ATR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,628 shares of the industrial products company’s stock, valued at approximately $511,000.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in AptarGroup by 0.5% in the first 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 during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of AptarGroup by 111.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock valued at $151,394,000 after acquiring an additional 565,511 shares during the period. American Century Companies Inc. raised its position in AptarGroup by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock valued at $113,395,000 after purchasing an additional 212,886 shares during the last quarter. Norges Bank acquired a new stake in AptarGroup during the 4th quarter worth $89,855,000. Finally, Dimensional Fund Advisors LP grew its position in AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock worth $100,917,000 after purchasing an additional 64,288 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

AptarGroup Trading Down 0.6 %

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

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

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, July 25th. AptarGroup’s dividend payout ratio is currently 38.63%.

Insider Activity at AptarGroup

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the sale, the chief financial officer now directly owns 65,552 shares in the company, valued at approximately $9,844,599.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,430,672.66. The disclosure for this sale can be found here. Insiders sold a total of 49,457 shares of company stock worth $7,314,030 over the last 90 days. Company 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.