Oppenheimer Asset Management Inc. Sells 695 Shares of AptarGroup, Inc. $ATR

Oppenheimer Asset Management Inc. lowered its position in AptarGroup, Inc. (NYSE:ATR) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,219 shares of the industrial products company’s stock after selling 695 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AptarGroup were worth $2,224,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of AptarGroup by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the industrial products company’s stock worth $2,760,000 after acquiring an additional 100 shares in the last quarter. Exchange Traded Concepts LLC increased its position in AptarGroup by 1.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 5,337 shares of the industrial products company’s stock valued at $835,000 after buying an additional 100 shares in the last quarter. Koshinski Asset Management Inc. increased its position in AptarGroup by 1.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 7,818 shares of the industrial products company’s stock valued at $1,160,000 after buying an additional 104 shares in the last quarter. Simplex Trading LLC increased its position in AptarGroup by 107.4% during the 1st quarter. Simplex Trading LLC now owns 224 shares of the industrial products company’s stock valued at $33,000 after buying an additional 116 shares in the last quarter. Finally, Xponance Inc. increased its position in AptarGroup by 2.3% during the 1st quarter. Xponance Inc. now owns 8,341 shares of the industrial products company’s stock valued at $1,238,000 after buying an additional 186 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ATR. Raymond James Financial reaffirmed an “outperform” rating and set a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. KeyCorp began coverage on AptarGroup in a research report on Wednesday, September 3rd. They set an “overweight” rating and a $220.00 price objective for the company. Wells Fargo & Company reduced their price objective on AptarGroup from $153.00 to $152.00 and set an “overweight” rating for the company in a research report on Wednesday, September 10th. Finally, Weiss Ratings lowered AptarGroup from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $175.40.

AptarGroup Stock Down 3.0%

AptarGroup stock opened at $124.27 on Thursday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.63 and a beta of 0.55. The stock has a fifty day simple moving average of $133.66 and a two-hundred day simple moving average of $145.58. AptarGroup, Inc. has a 12 month low of $123.42 and a 12 month high of $178.03. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 31st. The industrial products company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The business had revenue of $966.01 million during the quarter, compared to analyst estimates of $954.06 million. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. Equities analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 23rd will be paid a $0.48 dividend. This is an increase from AptarGroup’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.5%. AptarGroup’s dividend payout ratio (DPR) is 33.05%.

Insiders Place Their Bets

In other news, insider Gael Touya sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $136.12, for a total value of $340,300.00. Following the transaction, the insider directly owned 31,463 shares in the company, valued at $4,282,743.56. This trade represents a 7.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Shiela Vinczeller sold 1,167 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $137.97, for a total value of $161,010.99. Following the completion of the transaction, the insider owned 25,134 shares in the company, valued at approximately $3,467,737.98. This trade represents a 4.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.68% of the company’s stock.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.