Sanctuary Advisors LLC Acquires Shares of 7,581 AptarGroup, Inc. (NYSE:ATR)

Sanctuary Advisors LLC bought a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,581 shares of the industrial products company’s stock, valued at approximately $1,087,000.

A number of other large investors also recently modified their holdings of ATR. Quarry LP raised its holdings in AptarGroup by 77.5% during the second quarter. Quarry LP now owns 735 shares of the industrial products company’s stock worth $103,000 after buying an additional 321 shares during the last quarter. Creative Planning raised its holdings in shares of AptarGroup by 13.9% in the 2nd quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock worth $482,000 after acquiring an additional 417 shares during the last quarter. Algert Global LLC lifted its position in AptarGroup by 40.4% in the 2nd quarter. Algert Global LLC now owns 23,154 shares of the industrial products company’s stock valued at $3,260,000 after acquiring an additional 6,664 shares in the last quarter. Mackenzie Financial Corp boosted its stake in AptarGroup by 25.6% during the 2nd quarter. Mackenzie Financial Corp now owns 4,710 shares of the industrial products company’s stock valued at $663,000 after purchasing an additional 960 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in AptarGroup by 36.2% during the 2nd quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company’s stock worth $73,179,000 after purchasing an additional 138,134 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price on AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th.

Insider Transactions at AptarGroup

In related news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,430,672.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the sale, the insider now owns 9,379 shares of the company’s stock, valued at approximately $1,430,672.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gael Touya sold 3,300 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now directly owns 32,165 shares of the company’s stock, valued at approximately $4,876,857.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock worth $7,314,030 in the last ninety days. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR stock opened at $161.47 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. The firm has a 50-day moving average of $152.02 and a 200-day moving average of $147.05. AptarGroup, Inc. has a one year low of $120.36 and a one year high of $161.92. The company has a market cap of $10.70 billion, a P/E ratio of 34.65, a P/E/G ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same quarter last year, the business posted $1.23 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.11%. AptarGroup’s dividend payout ratio is presently 38.63%.

AptarGroup announced that its Board of Directors has initiated a share buyback plan on Thursday, October 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

AptarGroup 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.