Tower Research Capital LLC TRC increased its stake in shares of AptarGroup Inc. (NYSE:ATR) by 70.6% during the second quarter, Holdings Channel reports. The fund owned 2,192 shares of the company’s stock after buying an additional 907 shares during the period. Tower Research Capital LLC TRC’s holdings in AptarGroup were worth $173,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in AptarGroup by 3.0% in the second quarter. Vanguard Group Inc. now owns 5,134,609 shares of the company’s stock valued at $406,301,000 after buying an additional 147,860 shares during the last quarter. JPMorgan Chase & Co. raised its stake in AptarGroup by 8.2% in the second quarter. JPMorgan Chase & Co. now owns 1,654,989 shares of the company’s stock valued at $130,960,000 after buying an additional 125,849 shares during the last quarter. Victory Capital Management Inc. raised its stake in AptarGroup by 26.7% in the second quarter. Victory Capital Management Inc. now owns 1,269,754 shares of the company’s stock valued at $100,475,000 after buying an additional 267,618 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in AptarGroup by 7.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 591,490 shares of the company’s stock valued at $46,805,000 after buying an additional 42,622 shares during the last quarter. Finally, Norges Bank bought a new stake in AptarGroup during the fourth quarter valued at $38,282,000. Institutional investors own 88.33% of the company’s stock.
AptarGroup Inc. (NYSE:ATR) opened at 76.10 on Wednesday. The company has a market cap of $4.79 billion, a P/E ratio of 24.71 and a beta of 0.87. AptarGroup Inc. has a 52-week low of $66.33 and a 52-week high of $81.50. The stock’s 50 day moving average price is $77.93 and its 200-day moving average price is $77.81.
AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. AptarGroup had a return on equity of 16.67% and a net margin of 8.54%. The firm had revenue of $620 million for the quarter, compared to the consensus estimate of $621.52 million. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that AptarGroup Inc. will post $3.18 earnings per share for the current fiscal year.
ATR has been the topic of several recent research reports. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a report on Friday, September 9th. Robert W. Baird upped their price objective on AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and a consensus price target of $76.00.
In other news, CFO Robert Kuhn sold 3,000 shares of AptarGroup stock in a transaction on Friday, August 26th. The stock was sold at an average price of $78.59, for a total value of $235,770.00. Following the completion of the sale, the chief financial officer now directly owns 15,050 shares of the company’s stock, valued at $1,182,779.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Salim Haffar sold 50,333 shares of AptarGroup stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total value 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 disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.
AptarGroup Company Profile
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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