AptarGroup, Inc. (ATR) Position Cut by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 14.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,578 shares of the industrial products company’s stock after selling 3,340 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in AptarGroup were worth $1,776,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ATR. Teachers Advisors LLC increased its stake in AptarGroup by 7.2% in the first quarter. Teachers Advisors LLC now owns 75,582 shares of the industrial products company’s stock valued at $5,819,000 after acquiring an additional 5,089 shares during the last quarter. Bank of Montreal Can increased its stake in AptarGroup by 8.8% in the second quarter. Bank of Montreal Can now owns 10,147 shares of the industrial products company’s stock valued at $882,000 after acquiring an additional 819 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in AptarGroup by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,096 shares of the industrial products company’s stock valued at $2,006,000 after acquiring an additional 994 shares during the last quarter. LS Investment Advisors LLC increased its stake in AptarGroup by 20.7% in the second quarter. LS Investment Advisors LLC now owns 5,005 shares of the industrial products company’s stock valued at $435,000 after acquiring an additional 857 shares during the last quarter. Finally, Aperio Group LLC increased its stake in AptarGroup by 23.3% in the second quarter. Aperio Group LLC now owns 24,195 shares of the industrial products company’s stock valued at $2,102,000 after acquiring an additional 4,565 shares during the last quarter. 92.01% of the stock is currently owned by institutional investors and hedge funds.
ATR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 target price on shares of AptarGroup in a research note on Thursday, August 31st. Finally, Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their target price for the stock from $70.00 to $77.00 in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $84.57.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $86.25 on Friday. The firm has a market cap of $5,400.00, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.96. AptarGroup, Inc. has a one year low of $71.44 and a one year high of $90.79. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.29 and a current ratio of 2.75.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $624.33 million for the quarter, compared to analysts’ expectations of $599.31 million. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. sell-side analysts expect that AptarGroup, Inc. will post 3.35 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. AptarGroup’s payout ratio is presently 37.54%.
In other news, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Salim Haffar sold 18,130 shares of AptarGroup stock in a transaction on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the transaction, the insider now owns 39,556 shares in the company, valued at approximately $3,421,198.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,910 shares of company stock worth $4,045,539. Insiders own 5.30% of the company’s stock.
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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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