ProShare Advisors LLC Increases Position in AptarGroup, Inc. (ATR)
ProShare Advisors LLC boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 84.8% during the third quarter, Holdings Channel reports. The fund owned 59,020 shares of the company’s stock after buying an additional 27,081 shares during the period. ProShare Advisors LLC owned about 0.09% of AptarGroup worth $4,569,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. LS Investment Advisors LLC raised its position in AptarGroup by 73.7% in the second quarter. LS Investment Advisors LLC now owns 3,815 shares of the company’s stock valued at $302,000 after buying an additional 1,619 shares during the period. Robeco Institutional Asset Management B.V. raised its position in AptarGroup by 249.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 143,409 shares of the company’s stock valued at $11,349,000 after buying an additional 102,411 shares during the period. Hermes Investment Management Ltd. raised its position in AptarGroup by 14.5% in the second quarter. Hermes Investment Management Ltd. now owns 450,425 shares of the company’s stock valued at $35,642,000 after buying an additional 56,939 shares during the period. Oakbrook Investments LLC bought a new position in AptarGroup during the second quarter valued at approximately $261,000. Finally, Ownership Capital B.V. raised its position in AptarGroup by 28.0% in the second quarter. Ownership Capital B.V. now owns 381,465 shares of the company’s stock valued at $30,185,000 after buying an additional 83,504 shares during the period. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Shares of AptarGroup, Inc. (NYSE:ATR) traded down 0.03% during trading on Friday, reaching $73.31. The company had a trading volume of 96,145 shares. The company has a market cap of $4.60 billion, a P/E ratio of 23.79 and a beta of 0.95. AptarGroup, Inc. has a 12-month low of $66.33 and a 12-month high of $81.50. The firm has a 50-day moving average of $73.86 and a 200-day moving average of $76.18.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, October 27th. The company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.01. AptarGroup had a net margin of 8.53% and a return on equity of 16.23%. The company earned $590 million during the quarter, compared to the consensus estimate of $608.32 million. During the same quarter in the previous year, the business posted $0.83 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that AptarGroup, Inc. will post $3.10 EPS for the current year.
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Several equities analysts have recently commented on ATR shares. Vertical Group raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Zacks Investment Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Group reaffirmed a “hold” rating and set a $83.00 target price on shares of AptarGroup in a report on Thursday, October 20th. Bank of America lowered AptarGroup from a “buy” rating to an “underperform” rating in a report on Wednesday, December 7th. They noted that the move was a valuation call. Finally, Vertical Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $83.50.
In related news, insider Stephen J. Hagge sold 30,000 shares of the stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $75.41, for a total value of $2,262,300.00. Following the completion of the sale, the insider now owns 101,159 shares in the company, valued at $7,628,400.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by corporate insiders.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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