Dimensional Fund Advisors LP decreased its stake in AptarGroup Inc. (NYSE:ATR) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 509,333 shares of the company’s stock after selling 2,463 shares during the period. Dimensional Fund Advisors LP owned about 0.81% of AptarGroup worth $40,299,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Synovus Financial Corp increased its stake in AptarGroup by 0.6% in the second quarter. Synovus Financial Corp now owns 3,650 shares of the company’s stock valued at $291,000 after buying an additional 22 shares in the last quarter. Utah Retirement Systems increased its stake in AptarGroup by 0.9% in the second quarter. Utah Retirement Systems now owns 11,296 shares of the company’s stock valued at $894,000 after buying an additional 100 shares in the last quarter. Garrison Financial Corp increased its stake in AptarGroup by 0.3% in the second quarter. Garrison Financial Corp now owns 43,507 shares of the company’s stock valued at $3,443,000 after buying an additional 122 shares in the last quarter. Independent Portfolio Consultants Inc. increased 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 in the last quarter. Finally, State Treasurer State of Michigan increased its stake in AptarGroup by 0.8% in the second quarter. State Treasurer State of Michigan now owns 25,300 shares of the company’s stock valued at $2,002,000 after buying an additional 200 shares in the last quarter. 88.28% of the stock is currently owned by institutional investors.
AptarGroup Inc. (NYSE:ATR) opened at 76.03 on Monday. The company has a 50 day moving average of $77.70 and a 200 day moving average of $77.69. AptarGroup Inc. has a 1-year low of $66.33 and a 1-year high of $81.50. The firm has a market capitalization of $4.78 billion, a PE ratio of 24.69 and a beta of 0.87.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $620 million for the quarter, compared to analyst estimates of $621.52 million. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. Analysts forecast that AptarGroup Inc. will post $3.18 EPS for the current year.
Several research firms have weighed in on ATR. Jefferies Group began coverage on shares of AptarGroup in a research report on Thursday. They set a “hold” rating and a $83.00 target price on the stock. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. Finally, Robert W. Baird lifted 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. AptarGroup currently has a consensus rating of “Hold” and an average price target of $77.75.
In related news, Director King W. Harris sold 13,100 shares of AptarGroup stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total value of $1,003,722.00. Following the transaction, the director now directly owns 195,509 shares in the company, valued at approximately $14,979,899.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 transaction of $3,963,220.42. Following the completion of the transaction, the insider now owns 23,149 shares in the company, valued at $1,822,752.26. The disclosure for this sale can be found here. 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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