Swiss National Bank Raises Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

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Swiss National Bank boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 117,300 shares of the industrial products company’s stock after acquiring an additional 2,800 shares during the period. Swiss National Bank’s holdings in AptarGroup were worth $14,585,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Wisconsin Investment Board raised its position in AptarGroup by 25.8% in the 1st quarter. State of Wisconsin Investment Board now owns 120,993 shares of the industrial products company’s stock worth $12,872,000 after buying an additional 24,780 shares during the last quarter. Champlain Investment Partners LLC raised its position in AptarGroup by 4.6% in the 1st quarter. Champlain Investment Partners LLC now owns 1,649,865 shares of the industrial products company’s stock worth $175,529,000 after buying an additional 72,650 shares during the last quarter. Bank of Montreal Can raised its position in AptarGroup by 7.3% in the 1st quarter. Bank of Montreal Can now owns 12,482 shares of the industrial products company’s stock worth $1,327,000 after buying an additional 853 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in AptarGroup in the 1st quarter worth about $670,000. Finally, Walthausen & Co. LLC raised its position in AptarGroup by 2.3% in the 1st quarter. Walthausen & Co. LLC now owns 57,522 shares of the industrial products company’s stock worth $6,120,000 after buying an additional 1,310 shares during the last quarter. 87.87% of the stock is owned by institutional investors and hedge funds.

In related news, insider Marc Prieur sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total transaction of $242,540.00. Following the sale, the insider now owns 5,760 shares of the company’s stock, valued at $698,515.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total value of $1,199,300.00. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

ATR has been the subject of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Thursday, August 1st. Morgan Stanley began coverage on AptarGroup in a research report on Monday, July 8th. They issued an “overweight” rating and a $144.00 target price for the company. UBS Group upped their price target on shares of AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank reaffirmed a “buy” rating and set a $124.00 price target on shares of AptarGroup in a research report on Thursday, May 2nd. Finally, Zacks Investment Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $122.50.

NYSE ATR opened at $120.26 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.52 and a current ratio of 2.11. The company has a market capitalization of $7.64 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.73 and a beta of 0.76. AptarGroup, Inc. has a one year low of $88.26 and a one year high of $126.19. The stock has a 50 day moving average price of $121.97 and a 200-day moving average price of $113.08.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. AptarGroup had a return on equity of 18.51% and a net margin of 7.63%. The company had revenue of $742.66 million for the quarter, compared to analyst estimates of $752.11 million. During the same quarter in the prior year, the firm posted $1.09 EPS. AptarGroup’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts predict that AptarGroup, Inc. will post 4.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.20%. AptarGroup’s dividend payout ratio is currently 36.00%.

About AptarGroup

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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