Speece Thorson Capital Group Inc. boosted its position in AptarGroup Inc. (NYSE:ATR) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,086 shares of the company’s stock after buying an additional 2,170 shares during the period. AptarGroup accounts for 2.7% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 18th largest position. Speece Thorson Capital Group Inc.’s holdings in AptarGroup were worth $12,588,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in AptarGroup during the fourth quarter worth about $38,282,000. Renaissance Technologies LLC increased its position in AptarGroup by 91.3% in the first quarter. Renaissance Technologies LLC now owns 482,800 shares of the company’s stock valued at $37,856,000 after buying an additional 230,400 shares during the period. JPMorgan Chase & Co. increased its position in AptarGroup by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 1,529,140 shares of the company’s stock valued at $119,899,000 after buying an additional 202,129 shares during the period. Robeco Institutional Asset Management B.V. increased its position in AptarGroup by 249.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 143,409 shares of the company’s stock valued at $11,349,000 after buying an additional 102,411 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in AptarGroup during the second quarter valued at $6,840,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
Shares of AptarGroup Inc. (NYSE:ATR) traded down 0.93% during trading on Monday, hitting $78.06. The stock had a trading volume of 289,062 shares. AptarGroup Inc. has a 12-month low of $63.62 and a 12-month high of $81.50. The firm has a market cap of $4.91 billion, a P/E ratio of 25.34 and a beta of 0.93. The firm has a 50 day moving average price of $77.63 and a 200 day moving average price of $77.71.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. The business had revenue of $620 million for the quarter, compared to the consensus estimate of $621.52 million. AptarGroup had a return on equity of 16.67% and a net margin of 8.54%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, equities analysts expect that AptarGroup Inc. will post $3.18 earnings per share for the current fiscal year.
Several research firms recently weighed in on ATR. Robert W. Baird lifted their target price on AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating on shares of AptarGroup in a research 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 given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $76.00.
In related news, insider Salim Haffar sold 50,333 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 23,149 shares of the company’s stock, valued at approximately $1,822,752.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director King W. Harris sold 13,100 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total value of $1,003,722.00. Following the completion of the transaction, the director now directly owns 195,509 shares in the company, valued at $14,979,899.58. The disclosure for this sale can be found here. 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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