Morgan Dempsey Capital Management LLC cut its position in AptarGroup Inc. (NYSE:ATR) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,203 shares of the company’s stock after selling 7,374 shares during the period. AptarGroup comprises approximately 3.3% of Morgan Dempsey Capital Management LLC’s portfolio, making the stock its 7th largest position. Morgan Dempsey Capital Management LLC’s holdings in AptarGroup were worth $9,828,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of AptarGroup during the fourth quarter worth about $38,282,000. Aperio Group LLC increased its position in shares of AptarGroup by 20.9% in the first quarter. Aperio Group LLC now owns 14,792 shares of the company’s stock worth $1,160,000 after buying an additional 2,555 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of AptarGroup by 29.6% in the first quarter. Teachers Advisors Inc. now owns 93,603 shares of the company’s stock worth $7,339,000 after buying an additional 21,369 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in shares of AptarGroup during the first quarter worth about $238,000. Finally, Mckinley Capital Management LLC Delaware purchased a new position in shares of AptarGroup during the first quarter worth about $308,000. Institutional investors own 88.33% of the company’s stock.
Shares of AptarGroup Inc. (NYSE:ATR) traded up 0.01% during trading on Wednesday, hitting $76.11. 186,930 shares of the stock were exchanged. The firm has a 50 day moving average of $77.93 and a 200-day moving average of $77.81. AptarGroup Inc. has a 12-month low of $66.33 and a 12-month high of $81.50. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 24.71 and a beta of 0.87.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. The firm earned $620 million during the quarter, compared to the consensus estimate of $621.52 million. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts forecast that AptarGroup Inc. will post $3.18 earnings per share for the current year.
A number of research analysts recently issued reports on ATR shares. Robert W. Baird lifted their price target on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. BMO Capital Markets reissued a “hold” rating on shares of AptarGroup in a report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $76.00.
In other AptarGroup news, CFO Robert Kuhn sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $78.59, for a total value of $235,770.00. Following the completion of the transaction, the chief financial officer now owns 15,050 shares in the company, valued at approximately $1,182,779.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Salim Haffar sold 50,333 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $78.74, for a total value of $3,963,220.42. Following the completion of the transaction, the insider now owns 23,149 shares of the company’s stock, valued at approximately $1,822,752.26. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.
AptarGroup Company Profile
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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