Oregon Public Employees Retirement Fund raised its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,124 shares of the industrial products company’s stock after acquiring an additional 700 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in AptarGroup were worth $2,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATR. Victory Capital Management Inc. boosted its position in AptarGroup by 17.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,256,665 shares of the industrial products company’s stock valued at $210,727,000 after acquiring an additional 333,376 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of AptarGroup by 7.9% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 3,872,169 shares of the industrial products company’s stock valued at $347,837,000 after purchasing an additional 282,170 shares during the last quarter. FMR LLC lifted its holdings in shares of AptarGroup by 46.3% during the 2nd quarter. FMR LLC now owns 690,396 shares of the industrial products company’s stock valued at $64,469,000 after purchasing an additional 218,466 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of AptarGroup by 3.8% during the 1st quarter. BlackRock Inc. now owns 5,366,466 shares of the industrial products company’s stock valued at $482,069,000 after purchasing an additional 194,562 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AptarGroup by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock valued at $89,442,000 after purchasing an additional 182,471 shares during the last quarter. 90.99% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. BMO Capital Markets increased their price objective on AptarGroup from $92.00 to $105.00 and gave the company a “market perform” rating in a report on Monday, July 30th. ValuEngine upgraded AptarGroup from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Robert W. Baird increased their price objective on AptarGroup from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, July 30th. Zacks Investment Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, UBS Group assumed coverage on AptarGroup in a report on Wednesday, June 20th. They set a “neutral” rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $101.75.

Shares of ATR opened at $109.39 on Thursday. AptarGroup, Inc. has a 12 month low of $79.97 and a 12 month high of $109.69. The company has a quick ratio of 2.42, a current ratio of 3.01 and a debt-to-equity ratio of 0.88. The firm has a market cap of $6.75 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 3.27 and a beta of 0.81.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 26th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.08. The company had revenue of $710.61 million during the quarter, compared to analyst estimates of $688.02 million. AptarGroup had a return on equity of 17.83% and a net margin of 8.19%. analysts forecast that AptarGroup, Inc. will post 3.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 1st were paid a $0.34 dividend. This is a positive change from AptarGroup’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, July 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.24%. AptarGroup’s dividend payout ratio (DPR) is 39.53%.

In related news, insider Salim Haffar sold 10,514 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $92.95, for a total value of $977,276.30. Following the completion of the transaction, the insider now owns 36,285 shares in the company, valued at approximately $3,372,690.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 12,667 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $105.45, for a total value of $1,335,735.15. Following the completion of the transaction, the director now owns 11,040 shares of the company’s stock, valued at approximately $1,164,168. The disclosure for this sale can be found here. Insiders sold a total of 115,992 shares of company stock valued at $11,763,701 in the last 90 days. 5.30% of the stock is currently owned by company insiders.

AptarGroup Company Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.

Read More: Market Capitalization in the Stock Market

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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