Advantus Capital Management Inc Acquires 189 Shares of AptarGroup, Inc. (ATR)
Advantus Capital Management Inc raised its stake in AptarGroup, Inc. (NYSE:ATR) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,980 shares of the industrial products company’s stock after buying an additional 189 shares during the period. Advantus Capital Management Inc’s holdings in AptarGroup were worth $614,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATR. Principal Financial Group Inc. increased its position in AptarGroup by 2.9% in the first quarter. Principal Financial Group Inc. now owns 254,266 shares of the industrial products company’s stock valued at $19,576,000 after buying an additional 7,188 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of AptarGroup by 12.2% in the first quarter. OppenheimerFunds Inc. now owns 7,548 shares of the industrial products company’s stock worth $581,000 after buying an additional 818 shares during the period. Kwmg LLC purchased a new stake in shares of AptarGroup during the first quarter worth about $1,590,000. American International Group Inc. boosted its stake in shares of AptarGroup by 3.0% in the first quarter. American International Group Inc. now owns 124,540 shares of the industrial products company’s stock worth $9,588,000 after buying an additional 3,667 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of AptarGroup by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,982,580 shares of the industrial products company’s stock worth $152,639,000 after buying an additional 201,372 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $601.30 million during the quarter, compared to analyst estimates of $591.69 million. AptarGroup had a net margin of 9.09% and a return on equity of 16.58%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, May 1st. AptarGroup’s payout ratio is presently 38.67%.
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A number of analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $77.00 price objective on shares of AptarGroup in a research note on Thursday, June 8th. Vertical Group cut shares of AptarGroup from a “hold” rating to a “sell” rating and increased their price objective for the stock from $68.00 to $70.00 in a research note on Tuesday, May 2nd. Vertical Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Finally, Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Sell” and a consensus price target of $77.00.
In related news, Director Alain Chevassus sold 19,000 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $82.28, for a total value of $1,563,320.00. Following the completion of the sale, the director now owns 25,396 shares of the company’s stock, valued at approximately $2,089,582.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eldon W. Schaffer II sold 27,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $79.76, for a total transaction of $2,153,520.00. Following the completion of the sale, the insider now directly owns 39,857 shares of the company’s stock, valued at approximately $3,178,994.32. The disclosure for this sale can be found here. In the last three months, insiders sold 251,726 shares of company stock valued at $20,588,098. 5.30% of the stock is owned by insiders.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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