HighPoint Advisor Group LLC Takes Position in AptarGroup, Inc. (NYSE:ATR)

HighPoint Advisor Group LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,650 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other large investors have also bought and sold shares of ATR. State of Michigan Retirement System boosted its position in shares of AptarGroup by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after purchasing an additional 100 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of AptarGroup by 4.9% during the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 105 shares during the last quarter. Natixis Advisors L.P. boosted its stake in shares of AptarGroup by 0.4% during the 4th quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock worth $3,037,000 after acquiring an additional 109 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of AptarGroup by 4.1% in the 4th quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 111 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of AptarGroup by 4.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 3,232 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 125 shares during the period. Institutional investors own 88.52% of the company’s stock.

Insider Buying and Selling

In other news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at $1,360,799.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total value of $672,347.06. Following the sale, the insider now owns 9,379 shares in the company, valued at $1,360,799.11. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kimberly Chainey sold 825 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $146.77, for a total transaction of $121,085.25. Following the transaction, the executive vice president now owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The disclosure for this sale can be found here. Insiders have sold 8,659 shares of company stock worth $1,269,976 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATR. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company boosted their price target on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Finally, Robert W. Baird raised their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th.

AptarGroup Price Performance

Shares of ATR opened at $146.85 on Friday. The business’s 50-day moving average is $145.65 and its 200-day moving average is $138.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 3.10 and a beta of 0.60. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $151.73.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. The company had revenue of $915.45 million during the quarter, compared to the consensus estimate of $897.40 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. Equities research analysts expect that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Thursday, April 25th were paid a $0.41 dividend. The ex-dividend date was Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.12%. AptarGroup’s payout ratio is presently 35.19%.

About AptarGroup

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.