AptarGroup, Inc. (ATR) Shares Bought by Kayne Anderson Rudnick Investment Management LLC
Kayne Anderson Rudnick Investment Management LLC boosted its stake in AptarGroup, Inc. (NYSE:ATR) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 666,732 shares of the industrial products company’s stock after acquiring an additional 14,318 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 1.07% of AptarGroup worth $57,546,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Cigna Investments Inc. New acquired a new stake in AptarGroup during the 2nd quarter worth $206,000. Stewart & Patten Co. LLC acquired a new stake in AptarGroup during the 2nd quarter worth $208,000. Rehmann Capital Advisory Group acquired a new stake in AptarGroup during the 2nd quarter worth $213,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AptarGroup by 8.1% during the 2nd 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 during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in AptarGroup by 233.1% during the 2nd 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 during the last quarter. 92.31% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts have issued reports on ATR shares. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. 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. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and lifted their target price for the stock from $70.00 to $77.00 in a research note on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $92.00 target price on shares of AptarGroup in a research note 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’s stock. AptarGroup has an average rating of “Hold” and an average target price of $84.57.
AptarGroup, Inc. (NYSE:ATR) traded down $0.13 during midday trading on Thursday, hitting $85.48. The stock had a trading volume of 182,500 shares, compared to its average volume of 281,143. AptarGroup, Inc. has a fifty-two week low of $71.44 and a fifty-two week 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. The stock has a market cap of $5,332.98, a price-to-earnings ratio of 25.94, a PEG ratio of 3.01 and a beta of 0.97.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The business had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. During the same quarter in the previous year, the firm earned $0.82 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. equities research analysts expect that AptarGroup, Inc. will post 3.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.50%. AptarGroup’s dividend payout ratio is presently 37.43%.
In other news, Director Maritza Gomez Montiel sold 3,780 shares of AptarGroup stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $85.84, for a total transaction of $324,475.20. Following the transaction, the director now owns 3,336 shares in the company, valued at approximately $286,362.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the transaction, the director now owns 6,469 shares in the company, valued at approximately $531,298.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,910 shares of company stock worth $2,056,799. Insiders own 5.30% of the company’s stock.
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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