Cwm LLC Boosts Stake in AptarGroup, Inc. (NYSE:ATR)

Cwm LLC boosted its position in AptarGroup, Inc. (NYSE:ATR) by 92.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,066 shares of the industrial products company’s stock after purchasing an additional 993 shares during the period. Cwm LLC’s holdings in AptarGroup were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Mawer Investment Management Ltd. lifted its stake in shares of AptarGroup by 111.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock worth $151,394,000 after acquiring an additional 565,511 shares during the last quarter. American Century Companies Inc. increased its stake in AptarGroup by 35.9% in 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. Dimensional Fund Advisors LP increased its stake in AptarGroup by 9.9% in the second 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 period. Bank of New York Mellon Corp lifted its position in shares of AptarGroup by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 646,912 shares of the industrial products company’s stock worth $91,092,000 after purchasing an additional 12,533 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of AptarGroup by 182.1% during the third quarter. Handelsbanken Fonder AB now owns 538,830 shares of the industrial products company’s stock valued at $86,315,000 after purchasing an additional 347,800 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insiders Place Their Bets

In other news, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at approximately $1,430,672.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Xiangwei Gong sold 800 shares of the firm’s 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at $1,430,672.66. This represents a 0.00 % decrease in their ownership of the stock. 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 Stock Performance

Shares of AptarGroup stock opened at $166.33 on Tuesday. 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 stock’s fifty day moving average price is $155.19 and its 200-day moving average price is $148.29. The firm has a market cap of $11.02 billion, a P/E ratio of 35.69, a P/E/G ratio of 3.29 and a beta of 0.58. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $169.65.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (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 company had revenue of $910.10 million for the quarter, compared to analysts’ expectations of $930.15 million. During the same period in the prior year, the business earned $1.23 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup announced that its Board of Directors has authorized a share buyback program on Thursday, October 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is 38.63%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ATR shares. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $190.00.

About AptarGroup

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.