Legal & General Group Plc increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,950 shares of the industrial products company’s stock after purchasing an additional 6,909 shares during the quarter. Legal & General Group Plc owned 0.12% of AptarGroup worth $6,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in AptarGroup by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock worth $515,346,000 after buying an additional 64,412 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in AptarGroup by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after buying an additional 23,666 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in AptarGroup by 6.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after buying an additional 125,222 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in AptarGroup by 294.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after buying an additional 757,017 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in AptarGroup by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock worth $68,225,000 after buying an additional 8,515 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Shares of AptarGroup, Inc. (ATR) opened at $86.98 on Friday. 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 current ratio of 2.75 and a quick ratio of 2.29. The firm has a market capitalization of $5,380.32, a PE ratio of 26.17, a PEG ratio of 3.03 and a beta of 0.95.

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, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $599.31 million. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. analysts anticipate that AptarGroup, Inc. will post 3.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, October 31st. AptarGroup’s payout ratio is currently 37.43%.

A number of analysts have issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Zacks Investment Research downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Robert W. Baird reaffirmed a “hold” rating and set a $85.00 price target on shares of AptarGroup in a report on Thursday, October 12th. Jefferies Group reissued a “hold” rating and issued a $78.00 target price on shares of AptarGroup in a report on Thursday, August 31st. Finally, BidaskClub downgraded AptarGroup from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. AptarGroup has a consensus rating of “Hold” and a consensus price target of $84.57.

In other AptarGroup news, Director Maritza Gomez Montiel sold 3,780 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,336 shares of the company’s stock, valued at approximately $286,362.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Kuhn sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The disclosure for this sale can be found here. Insiders sold a total of 77,910 shares of company stock valued at $6,745,469 over the last three months. Company insiders own 5.30% of the company’s stock.

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About AptarGroup

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.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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