AptarGroup, Inc. (ATR) Stake Boosted by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its position in AptarGroup, Inc. (NYSE:ATR) by 7.4% during the first quarter, Holdings Channel reports. The fund owned 26,633 shares of the industrial products company’s stock after buying an additional 1,825 shares during the period. GHP Investment Advisors Inc.’s holdings in AptarGroup were worth $2,050,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wetherby Asset Management Inc. raised its stake in shares of AptarGroup by 0.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,468 shares of the industrial products company’s stock worth $549,000 after buying an additional 21 shares during the last quarter. Mycio Wealth Partners LLC raised its stake in shares of AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock worth $478,000 after buying an additional 26 shares during the last quarter. Opus Capital Group LLC raised its stake in shares of AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock worth $391,000 after buying an additional 30 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock worth $274,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 89.61% of the company’s stock.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

AptarGroup, Inc. (NYSE:ATR) traded up 0.27% during midday trading on Friday, reaching $82.36. 331,890 shares of the company were exchanged. The company has a 50-day moving average of $79.35 and a 200 day moving average of $75.56. The firm has a market capitalization of $5.14 billion, a PE ratio of 24.87 and a beta of 0.97. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $83.04.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. AptarGroup had a net margin of 8.82% and a return on equity of 16.27%. The firm had revenue of $601.30 million during the quarter, compared to analyst estimates of $591.69 million. During the same period last year, the firm posted $0.71 earnings per share. AptarGroup’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that AptarGroup, Inc. will post $3.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 1.55%. AptarGroup’s dividend payout ratio is presently 40.38%.

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A number of equities research analysts have recently weighed in on the stock. Vertical Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Jefferies Group LLC lowered their price objective on shares of AptarGroup to $79.00 in a report on Friday, January 20th. Vertical Group lowered shares of AptarGroup from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $68.00 to $70.00 in a report on Tuesday, May 2nd. Finally, Zacks Investment Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. AptarGroup has an average rating of “Sell” and an average target price of $77.00.

In related news, VP Ursula Saint-Leger sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $81.86, for a total value of $4,093,000.00. Following the completion of the sale, the vice president now directly owns 60,042 shares in the company, valued at $4,915,038.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alain Chevassus sold 19,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $82.28, for a total value of $1,563,320.00. Following the completion of the sale, the director now owns 25,396 shares of the company’s stock, valued at $2,089,582.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,149 shares of company stock valued at $17,702,564. 5.50% of the stock is owned by corporate insiders.

AptarGroup Company Profile

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.

12 Month Chart for NYSE:ATR

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