TIAA CREF Investment Management LLC Has $9.42 Million Holdings in AptarGroup, Inc. (ATR)
TIAA CREF Investment Management LLC decreased its position in AptarGroup, Inc. (NYSE:ATR) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,456 shares of the industrial products company’s stock after selling 2,137 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.17% of AptarGroup worth $9,420,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in ATR. Cigna Investments Inc. New purchased a new position in shares of AptarGroup in the second quarter valued at about $206,000. Stewart & Patten Co. LLC purchased a new position in shares of AptarGroup in the second quarter valued at about $208,000. Rehmann Capital Advisory Group purchased a new position in shares of AptarGroup in the second quarter valued at about $213,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AptarGroup by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 187 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of AptarGroup in the second quarter valued at about $243,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.
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A number of research firms have issued reports on ATR. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, September 22nd. Jefferies Group LLC restated a “hold” rating and issued a $78.00 price objective on shares of AptarGroup in a research report on Thursday, August 31st. BidaskClub cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their price objective for the company from $70.00 to $77.00 in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.40.
Shares of AptarGroup, Inc. (ATR) opened at 88.58 on Friday. The stock’s 50 day moving average is $84.76 and its 200-day moving average is $83.41. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $90.79. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 26.05 and a beta of 0.96.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million for the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. On average, equities analysts anticipate that AptarGroup, Inc. will post $3.34 earnings per share for the current year.
In related news, insider Gael Touya sold 35,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the transaction, the director now directly owns 6,469 shares in the company, valued at approximately $531,298.97. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
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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