Ameriprise Financial Inc. lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 50.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 500,296 shares of the industrial products company’s stock after purchasing an additional 167,097 shares during the quarter. Ameriprise Financial Inc. owned about 0.80% of AptarGroup worth $43,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of AptarGroup by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 5,868,657 shares of the industrial products company’s stock worth $451,828,000 after purchasing an additional 355,044 shares during the period. BlackRock Inc. grew its holdings in AptarGroup by 5,710.7% in the 1st quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock worth $391,639,000 after buying an additional 4,999,339 shares in the last quarter. State Street Corp grew its holdings in AptarGroup by 12.5% in the 1st quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock worth $261,776,000 after buying an additional 377,227 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AptarGroup by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after buying an additional 23,666 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in AptarGroup by 6.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after buying an additional 125,222 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total value of $164,260.00. Following the completion of the transaction, the director now owns 6,469 shares in the company, valued at approximately $531,298.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the completion of the transaction, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.

AptarGroup, Inc. (ATR) opened at 85.72 on Friday. The company has a 50-day moving average price of $83.04 and a 200-day moving average price of $82.51. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 25.21 and a beta of 0.96. AptarGroup, Inc. has a one year low of $70.32 and a one year high of $90.79.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company had revenue of $617.75 million during the quarter, compared to analysts’ expectations of $624.74 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. AptarGroup’s quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that AptarGroup, Inc. will post $3.34 EPS for the current year.

A number of brokerages recently issued reports on ATR. BMO Capital Markets reissued a “hold” rating and issued a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. Deutsche Bank AG reissued a “buy” rating and issued a $90.00 price objective (up from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BidaskClub lowered AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $77.00 price objective on shares of AptarGroup in a report on Thursday, June 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $81.40.

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AptarGroup Profile

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.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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