AptarGroup, Inc. (NYSE:ATR) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in AptarGroup, Inc. (NYSE:ATR) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 587,640 shares of the industrial products company’s stock after purchasing an additional 96,227 shares during the period. Federated Hermes Inc. owned about 0.89% of AptarGroup worth $72,644,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of AptarGroup by 10.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,393 shares of the industrial products company’s stock worth $1,221,000 after acquiring an additional 970 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of AptarGroup by 6.3% in the first quarter. HighTower Advisors LLC now owns 6,976 shares of the industrial products company’s stock worth $820,000 after acquiring an additional 416 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of AptarGroup by 9.1% in the first quarter. Great West Life Assurance Co. Can now owns 37,547 shares of the industrial products company’s stock worth $4,539,000 after acquiring an additional 3,125 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of AptarGroup by 7.1% during the 1st quarter. Raymond James Trust N.A. now owns 4,632 shares of the industrial products company’s stock worth $545,000 after purchasing an additional 308 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of AptarGroup by 0.4% during the 1st quarter. Sei Investments Co. now owns 122,797 shares of the industrial products company’s stock worth $14,429,000 after purchasing an additional 484 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ATR shares. Wells Fargo & Company lifted their target price on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $150.00 in a research report on Wednesday, January 3rd.

Insider Activity at AptarGroup

In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the sale, the director now directly owns 9,648 shares in the company, valued at approximately $1,374,357.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares of the company’s stock, valued at $1,374,357.60. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $5,318,280 over the last 90 days. Company insiders own 1.00% of the company’s stock.

AptarGroup Price Performance

Shares of ATR opened at $139.10 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $145.35. The firm has a 50-day simple moving average of $140.54 and a 200-day simple moving average of $131.44. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 3.79 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. On average, equities research analysts anticipate that AptarGroup, Inc. will post 5.22 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.18%. AptarGroup’s dividend payout ratio is currently 38.59%.

AptarGroup Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.