Angeles Investment Advisors LLC Buys New Stake in AptarGroup, Inc. (NYSE:ATR)

Angeles Investment Advisors LLC bought a new stake in AptarGroup, Inc. (NYSE:ATR) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,587 shares of the industrial products company’s stock, valued at approximately $223,000.

Several other large investors have also recently made changes to their positions in ATR. Brown Brothers Harriman & Co. raised its position in AptarGroup by 22.6% during the second quarter. Brown Brothers Harriman & Co. now owns 193,967 shares of the industrial products company’s stock worth $27,312,000 after acquiring an additional 35,802 shares during the period. Nia Impact Advisors LLC raised its position in AptarGroup by 4.7% during the second quarter. Nia Impact Advisors LLC now owns 9,570 shares of the industrial products company’s stock worth $1,348,000 after acquiring an additional 430 shares during the period. Hanson & Doremus Investment Management raised its position in AptarGroup by 5.6% during the second quarter. Hanson & Doremus Investment Management now owns 15,042 shares of the industrial products company’s stock worth $2,118,000 after acquiring an additional 804 shares during the period. Envestnet Asset Management Inc. raised its position in AptarGroup by 69.6% during the second quarter. Envestnet Asset Management Inc. now owns 152,267 shares of the industrial products company’s stock worth $21,441,000 after acquiring an additional 62,500 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in AptarGroup by 19.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,889 shares of the industrial products company’s stock worth $688,000 after acquiring an additional 785 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Price Performance

AptarGroup stock opened at $152.88 on Tuesday. AptarGroup, Inc. has a 52-week low of $120.36 and a 52-week high of $153.44. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.11 and a beta of 0.57. The company has a fifty day simple moving average of $147.31 and a 200-day simple moving average of $145.07. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The business had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.18%. AptarGroup’s dividend payout ratio is presently 38.63%.

Insider Transactions at AptarGroup

In related news, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now owns 9,379 shares of the company’s stock, valued at $1,430,672.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Hedi Tlili sold 1,375 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now owns 9,379 shares of the company’s stock, valued at $1,430,672.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the completion of the sale, the insider now directly owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. The disclosure for this sale can be found here. Insiders sold 49,457 shares of company stock valued at $7,314,030 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price objective on shares of AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.