California State Teachers Retirement System Sells 10,503 Shares of AptarGroup, Inc. (ATR)
California State Teachers Retirement System lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 9.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 101,442 shares of the industrial products company’s stock after selling 10,503 shares during the quarter. California State Teachers Retirement System owned 0.16% of AptarGroup worth $8,755,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in ATR. Vanguard Group Inc. grew its stake in AptarGroup by 1.1% in the second quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock worth $515,346,000 after purchasing an additional 64,412 shares during the period. JPMorgan Chase & Co. grew its stake in shares of AptarGroup by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after acquiring an additional 23,666 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of AptarGroup by 294.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after acquiring an additional 757,017 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of AptarGroup by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock valued at $68,225,000 after purchasing an additional 8,515 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of AptarGroup by 2.0% during the second quarter. Wells Fargo & Company MN now owns 702,142 shares of the industrial products company’s stock valued at $60,988,000 after purchasing an additional 13,908 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.
A number of brokerages have recently issued reports on ATR. Zacks Investment Research downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reissued a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $78.00 price objective on shares of AptarGroup in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.57.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $85.39 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $5,351.04, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.02 and a beta of 0.95. AptarGroup, Inc. has a 1 year low of $71.44 and a 1 year high of $90.79.
AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. The business had revenue of $624.33 million during the quarter, compared to analyst estimates of $599.31 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. AptarGroup’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. equities research analysts predict that AptarGroup, Inc. will post 3.35 earnings per share for the current year.
In related news, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $86.12, for a total transaction of $2,153,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Salim Haffar sold 18,130 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $86.49, for a total value of $1,568,063.70. Following the sale, 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. Over the last ninety days, insiders have sold 77,910 shares of company stock valued at $6,745,469. 5.30% of the stock is currently owned by corporate insiders.
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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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