AptarGroup, Inc. (ATR) Holdings Reduced by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. cut its position in AptarGroup, Inc. (NYSE:ATR) by 62.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,238 shares of the industrial products company’s stock after selling 10,439 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in AptarGroup were worth $538,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ATR. Cigna Investments Inc. New acquired a new position in shares of AptarGroup during the second quarter worth approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AptarGroup by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 187 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of AptarGroup by 233.1% during the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 4,428 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of AptarGroup during the second quarter worth approximately $244,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of AptarGroup during the second quarter worth approximately $243,000. Hedge funds and other institutional investors own 90.92% of the company’s stock.
In other AptarGroup news, Director Ralf K. Wunderlich sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total value of $2,262,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $86.12, for a total transaction of $2,153,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,910 shares of company stock valued at $6,745,469. 5.30% of the stock is currently owned by insiders.
Shares of AptarGroup, Inc. (ATR) opened at $89.00 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75. The firm has a market cap of $5,485.60, a P/E ratio of 26.68, a P/E/G ratio of 3.09 and a beta of 0.95. AptarGroup, Inc. has a 12 month low of $71.44 and a 12 month high of $90.79.
AptarGroup (NYSE:ATR) last posted its quarterly 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. The business had revenue of $624.33 million during the quarter, compared to the consensus estimate of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. AptarGroup’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. analysts predict that AptarGroup, Inc. will post 3.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, October 31st. AptarGroup’s dividend payout ratio (DPR) is 37.43%.
A number of equities analysts have recently issued reports on the stock. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Robert W. Baird reiterated a “hold” rating and set a $85.00 target price on shares of AptarGroup in a research report on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and set a $78.00 target price on shares of AptarGroup in a research report on Thursday, August 31st. Finally, BidaskClub lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Three equities research 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’s stock. The stock has an average rating of “Hold” and an average price target of $84.57.
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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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