Gotham Asset Management LLC Reduces Holdings in AptarGroup, Inc. (ATR)
Gotham Asset Management LLC reduced its position in AptarGroup, Inc. (NYSE:ATR) by 53.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,883 shares of the industrial products company’s stock after selling 21,296 shares during the period. Gotham Asset Management LLC’s holdings in AptarGroup were worth $1,640,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Cigna Investments Inc. New acquired a new position in AptarGroup in the 2nd quarter worth about $206,000. Stewart & Patten Co. LLC acquired a new position in AptarGroup in the 2nd quarter worth about $208,000. Rehmann Capital Advisory Group acquired a new position in AptarGroup in the 2nd quarter worth about $213,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AptarGroup by 8.1% in 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, Cullen Frost Bankers Inc. acquired a new position in AptarGroup in the 2nd quarter worth about $243,000. 91.45% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on ATR shares. BMO Capital Markets reissued a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. Deutsche Bank AG reissued a “buy” rating and set a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BidaskClub lowered AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Robert W. Baird reissued a “hold” rating and set a $85.00 price objective on shares of AptarGroup in a report on Thursday. Finally, Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $82.00.
Shares of AptarGroup, Inc. (ATR) opened at 88.84 on Monday. The firm has a 50-day moving average price of $85.84 and a 200-day moving average price of $83.92. AptarGroup, Inc. has a 12-month low of $70.32 and a 12-month high of $90.79. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 26.13 and a beta of 0.96.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $617.75 million for the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities research analysts anticipate that AptarGroup, Inc. will post $3.34 EPS for the current year.
In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $531,298.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gael Touya sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the transaction, the insider now directly owns 33,092 shares in the company, valued at approximately $2,688,725. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.
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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