AptarGroup, Inc. (ATR) Holdings Reduced by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 646,673 shares of the industrial products company’s stock after selling 6,033 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 1.04% of AptarGroup worth $55,814,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Great Lakes Advisors LLC lifted its position in AptarGroup by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock valued at $494,000 after buying an additional 20 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of AptarGroup by 1.1% during the second quarter. Coldstream Capital Management Inc. now owns 2,805 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 30 shares in the last quarter. Citigroup Inc. lifted its position in shares of AptarGroup by 0.5% during the second quarter. Citigroup Inc. now owns 6,323 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 34 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of AptarGroup by 1.1% during the second quarter. Advisory Services Network LLC now owns 4,464 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 50 shares in the last quarter. Finally, Advisor Partners LLC lifted its position in shares of AptarGroup by 0.8% during the second quarter. Advisor Partners LLC now owns 6,875 shares of the industrial products company’s stock worth $597,000 after purchasing an additional 53 shares in the last quarter. 92.31% of the stock is currently owned by institutional investors.
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Several analysts have recently issued reports on ATR shares. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reissued a “hold” rating and set a $78.00 price target on shares of AptarGroup in a research report on Thursday, August 31st. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and increased their price target for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Finally, BMO Capital Markets reissued a “hold” rating and set a $92.00 price target on shares of AptarGroup in a research report on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $84.57.
In other AptarGroup news, Director Maritza Gomez Montiel sold 3,780 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total value of $324,475.20. Following the transaction, the director now directly owns 3,336 shares in the company, valued at $286,362.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Salim Haffar sold 18,130 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the completion of the transaction, the insider now owns 39,556 shares in the company, valued at $3,421,198.44. The disclosure for this sale can be found here. Insiders have sold 23,910 shares of company stock worth $2,056,799 over the last 90 days. Insiders own 5.30% of the company’s stock.
AptarGroup, Inc. (ATR) traded up $0.15 during mid-day trading on Monday, hitting $84.91. 195,700 shares of the company were exchanged, compared to its average volume of 282,737. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. AptarGroup, Inc. has a 12-month low of $70.75 and a 12-month high of $90.79. The stock has a market capitalization of $5,289.37, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The firm had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. During the same period in the prior year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. sell-side analysts forecast that AptarGroup, Inc. will post 3.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.51%. AptarGroup’s payout ratio is 37.43%.
AptarGroup Company 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.
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