Amalgamated Bank grew its position in shares of AptarGroup, Inc. (NYSE:ATR) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,505 shares of the industrial products company’s stock after purchasing an additional 690 shares during the period. Amalgamated Bank’s holdings in AptarGroup were worth $1,079,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. GW&K Investment Management LLC grew its holdings in shares of AptarGroup by 0.4% during the 4th quarter. GW&K Investment Management LLC now owns 142,807 shares of the industrial products company’s stock worth $12,321,000 after acquiring an additional 623 shares during the period. American International Group Inc. grew its holdings in shares of AptarGroup by 0.5% during the 3rd quarter. American International Group Inc. now owns 128,320 shares of the industrial products company’s stock worth $11,075,000 after acquiring an additional 655 shares during the period. OppenheimerFunds Inc. grew its stake in shares of AptarGroup by 9.1% in the 4th quarter. OppenheimerFunds Inc. now owns 7,982 shares of the industrial products company’s stock worth $689,000 after buying an additional 665 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of AptarGroup by 5.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,252 shares of the industrial products company’s stock worth $1,143,000 after buying an additional 700 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake in shares of AptarGroup by 2.1% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 39,024 shares of the industrial products company’s stock worth $3,367,000 after buying an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $90.50 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.16 and a quick ratio of 2.53. The firm has a market capitalization of $5,644.08, a P/E ratio of 26.57, a P/E/G ratio of 2.83 and a beta of 0.82. AptarGroup, Inc. has a 52 week low of $75.35 and a 52 week high of $92.32.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.28 annualized dividend and a yield of 1.41%. AptarGroup’s dividend payout ratio is 37.43%.
In other AptarGroup news, Director Stephen J. Hagge sold 5,612 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $88.65, for a total transaction of $497,503.80. Following the sale, the director now directly owns 84,001 shares in the company, valued at approximately $7,446,688.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $91.17, for a total value of $2,279,250.00. Following the sale, the director now owns 114,613 shares in the company, valued at $10,449,267.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,597 shares of company stock worth $10,788,114. Company insiders own 5.30% of the company’s stock.
Several analysts recently weighed in on ATR shares. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, February 7th. Robert W. Baird restated a “hold” rating and issued a $92.00 price target on shares of AptarGroup in a research note on Wednesday, February 14th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $90.00 price target (up previously from $83.00) on shares of AptarGroup in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.38.
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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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