Schwab Charles Investment Management Inc. Has $36.12 Million Stake in AptarGroup, Inc. (ATR)
Schwab Charles Investment Management Inc. grew its stake in AptarGroup, Inc. (NYSE:ATR) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 418,590 shares of the industrial products company’s stock after acquiring an additional 13,751 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in AptarGroup were worth $36,116,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. bought a new stake in shares of AptarGroup in the 4th quarter valued at approximately $936,000. Bank of Montreal Can grew its stake in shares of AptarGroup by 15.7% in the 4th quarter. Bank of Montreal Can now owns 13,430 shares of the industrial products company’s stock valued at $1,160,000 after purchasing an additional 1,826 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of AptarGroup by 47.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 3,555 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 1,150 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of AptarGroup by 4.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 168,524 shares of the industrial products company’s stock valued at $14,545,000 after purchasing an additional 7,836 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $412,000. Institutional investors own 91.40% of the company’s stock.
In related news, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert Kuhn sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was 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. Over the last 90 days, insiders have sold 56,000 shares of company stock worth $4,852,930. 5.30% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, January 31st will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
ATR has been the topic of a number of research analyst reports. Zacks Investment Research lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $83.71.
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AptarGroup Company Profile
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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