Cullen Frost Bankers Inc. purchased a new stake in AptarGroup, Inc. (NYSE:ATR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,800 shares of the industrial products company’s stock, valued at approximately $243,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in AptarGroup by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,684,112 shares of the industrial products company’s stock valued at $206,649,000 after buying an additional 282,994 shares during the period. Kwmg LLC purchased a new stake in AptarGroup during the first quarter valued at $1,590,000. BlackRock Inc. boosted its stake in AptarGroup by 5,710.7% in the first quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock valued at $391,639,000 after buying an additional 4,999,339 shares during the period. Advisory Services Network LLC purchased a new stake in AptarGroup during the first quarter valued at $340,000. Finally, SG Americas Securities LLC boosted its stake in AptarGroup by 626.1% in the first quarter. SG Americas Securities LLC now owns 18,922 shares of the industrial products company’s stock valued at $1,457,000 after buying an additional 16,316 shares during the period. Institutional investors own 90.02% of the company’s stock.
Shares of AptarGroup, Inc. (NYSE:ATR) opened at 82.48 on Thursday. The company has a market capitalization of $5.17 billion, a PE ratio of 24.26 and a beta of 0.96. The company has a 50-day moving average price of $86.61 and a 200 day moving average price of $80.59. AptarGroup, Inc. has a one year low of $70.32 and a one year high of $90.79.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The business had revenue of $617.75 million for the quarter, compared to analyst estimates of $624.74 million. During the same period last year, the company earned $0.91 EPS. AptarGroup’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts anticipate that AptarGroup, Inc. will post $3.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.28 annualized dividend and a yield of 1.55%. AptarGroup’s payout ratio is 37.54%.
Several analysts have recently weighed in on ATR shares. Zacks Investment Research cut AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Vertical Group cut AptarGroup from a “hold” rating to a “sell” rating and upped their target price for the company from $68.00 to $70.00 in a report on Tuesday, May 2nd. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 target price (up from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. BMO Capital Markets reiterated a “hold” rating and issued a $79.00 target price on shares of AptarGroup in a report on Sunday, July 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $81.83.
In other news, Director Ralf K. Wunderlich sold 2,559 shares of AptarGroup stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $82.81, for a total value of $211,910.79. Following the sale, the director now directly owns 36,024 shares in the company, valued at approximately $2,983,147.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gael Touya sold 35,000 shares of AptarGroup stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the sale, the insider now owns 33,092 shares in the company, valued at $2,688,725. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,226 shares of company stock worth $11,874,458. 5.30% of the stock is owned by corporate insiders.
AptarGroup Company Profile
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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