GW&K Investment Management LLC increased its stake in shares of AptarGroup Inc. (NYSE:ATR) by 18.6% during the second quarter, Holdings Channel reports. The firm owned 159,676 shares of the company’s stock after buying an additional 25,081 shares during the period. GW&K Investment Management LLC’s holdings in AptarGroup were worth $12,635,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Speece Thorson Capital Group Inc. raised its position in AptarGroup by 1.4% in the second quarter. Speece Thorson Capital Group Inc. now owns 159,086 shares of the company’s stock valued at $12,588,000 after buying an additional 2,170 shares during the period. Retirement Systems of Alabama increased its stake in shares of AptarGroup by 0.3% in the second quarter. Retirement Systems of Alabama now owns 172,954 shares of the company’s stock valued at $13,686,000 after buying an additional 435 shares in the last quarter. Ownership Capital B.V. increased its stake in shares of AptarGroup by 28.0% in the second quarter. Ownership Capital B.V. now owns 381,465 shares of the company’s stock valued at $30,185,000 after buying an additional 83,504 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of AptarGroup during the second quarter valued at $623,000. Finally, Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of AptarGroup by 0.6% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 366,255 shares of the company’s stock valued at $28,982,000 after buying an additional 2,215 shares in the last quarter. 88.33% of the stock is currently owned by institutional investors.
AptarGroup Inc. (NYSE:ATR) traded up 1.12% during trading on Wednesday, reaching $78.61. The company had a trading volume of 211,891 shares. AptarGroup Inc. has a 12-month low of $65.79 and a 12-month high of $81.50. The firm has a 50-day moving average price of $77.80 and a 200 day moving average price of $77.78. The stock has a market cap of $4.95 billion, a P/E ratio of 25.52 and a beta of 0.93.
AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. The business earned $620 million during the quarter, compared to analyst estimates of $621.52 million. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities research analysts predict that AptarGroup Inc. will post $3.18 EPS for the current fiscal year.
Several analysts have recently weighed in on ATR shares. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. Robert W. Baird raised their target price on AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $76.00.
In other news, CFO Robert Kuhn sold 3,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $78.59, for a total transaction of $235,770.00. Following the completion of the transaction, the chief financial officer now owns 15,050 shares of the company’s stock, valued at $1,182,779.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Salim Haffar sold 50,333 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $78.74, for a total transaction of $3,963,220.42. Following the transaction, the insider now directly 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. Insiders own 5.50% of the company’s stock.
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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