State of Michigan Retirement System Has $2.33 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

State of Michigan Retirement System grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.5% during the first quarter, HoldingsChannel.com reports. The firm owned 16,210 shares of the industrial products company’s stock after acquiring an additional 400 shares during the quarter. State of Michigan Retirement System’s holdings in AptarGroup were worth $2,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of AptarGroup during the 1st quarter worth approximately $25,000. Mather Group LLC. acquired a new position in AptarGroup in the 1st quarter valued at approximately $52,000. Riverview Trust Co acquired a new stake in shares of AptarGroup during the first quarter worth $54,000. GAMMA Investing LLC acquired a new stake in shares of AptarGroup during the fourth quarter worth $61,000. Finally, Signaturefd LLC increased its position in shares of AptarGroup by 41.8% during the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock worth $86,000 after buying an additional 206 shares during the period. Institutional investors own 88.52% of the company’s stock.

Analyst Upgrades and Downgrades

ATR has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Robert W. Baird boosted their target price on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th.

Insider Buying and Selling at AptarGroup

In other news, insider Marc Prieur sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total value of $476,544.00. Following the sale, the insider now owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Marc Prieur sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total transaction of $476,544.00. Following the sale, the insider now owns 16,616 shares of the company’s stock, valued at approximately $2,474,454.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 4,634 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total transaction of $672,347.06. Following the sale, the insider now directly owns 9,379 shares in the company, valued at approximately $1,360,799.11. The disclosure for this sale can be found here. Insiders have sold a total of 8,659 shares of company stock worth $1,269,976 over the last three months. 1.00% of the stock is currently owned by insiders.

AptarGroup Stock Up 0.6 %

AptarGroup stock opened at $141.22 on Thursday. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $151.73. The stock has a market cap of $9.36 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 3.00 and a beta of 0.57. The firm’s 50-day simple moving average is $146.16 and its 200 day simple moving average is $139.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30.

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

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, April 24th. AptarGroup’s payout ratio is 35.19%.

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.