Dividend Assets Capital LLC maintained its stake in AptarGroup Inc. (NYSE:ATR) during the second quarter, Holdings Channel reports. The fund owned 3,580 shares of the company’s stock at the end of the second quarter. Dividend Assets Capital LLC’s holdings in AptarGroup were worth $283,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its stake in AptarGroup by 16.9% in the first quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the company’s stock valued at $122,000 after buying an additional 225 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its stake in AptarGroup by 8.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,020 shares of the company’s stock valued at $160,000 after buying an additional 160 shares during the last quarter. Fiduciary Management Inc. WI purchased a new stake in AptarGroup during the first quarter valued at approximately $212,000. Magnetar Financial LLC purchased a new stake in AptarGroup during the first quarter valued at approximately $232,000. Finally, Rehmann Capital Advisory Group purchased a new stake in AptarGroup during the first quarter valued at approximately $238,000. 88.33% of the stock is owned by hedge funds and other institutional investors.
Shares of AptarGroup Inc. (NYSE:ATR) traded up 0.26% during mid-day trading on Friday, hitting $77.41. 407,279 shares of the stock traded hands. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 25.13 and a beta of 0.93. AptarGroup Inc. has a 52 week low of $66.33 and a 52 week high of $81.50. The stock has a 50-day moving average of $77.86 and a 200-day moving average of $77.79.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The business earned $620 million during the quarter, compared to analyst estimates of $621.52 million. During the same period in the prior year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts anticipate that AptarGroup Inc. will post $3.18 EPS for the current year.
Several analysts have commented on ATR shares. BMO Capital Markets reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. Robert W. Baird boosted their price objective on shares of AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $76.00.
In related news, insider Salim Haffar sold 50,333 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total transaction of $3,963,220.42. Following the completion of the sale, the insider now directly owns 23,149 shares of the company’s stock, valued at $1,822,752.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director King W. Harris sold 13,100 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total transaction of $1,003,722.00. Following the sale, the director now directly owns 195,509 shares of the company’s stock, valued at $14,979,899.58. The disclosure for this sale can be found here. Corporate insiders own 5.50% 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, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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