AptarGroup, Inc. (NYSE:ATR) Stock Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in AptarGroup, Inc. (NYSE:ATR) by 98.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 35,017 shares of the industrial products company’s stock after purchasing an additional 17,410 shares during the period. DekaBank Deutsche Girozentrale owned 0.05% of AptarGroup worth $5,014,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ATR. Dimensional Fund Advisors LP increased its position in shares of AptarGroup by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 666,510 shares of the industrial products company’s stock worth $82,398,000 after purchasing an additional 8,534 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of AptarGroup by 7.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,017 shares of the industrial products company’s stock valued at $620,000 after buying an additional 329 shares during the period. Norges Bank acquired a new position in shares of AptarGroup in the 4th quarter valued at about $89,855,000. UBS Group AG boosted its holdings in shares of AptarGroup by 9.6% in the 4th quarter. UBS Group AG now owns 58,423 shares of the industrial products company’s stock valued at $7,222,000 after buying an additional 5,110 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in AptarGroup by 7.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,879 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 282 shares during the period. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

AptarGroup stock opened at $153.00 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $147.57 and a two-hundred day moving average price of $145.15. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 3.11 and a beta of 0.57. AptarGroup, Inc. has a 52-week low of $120.36 and a 52-week high of $155.57.

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

AptarGroup Increases Dividend

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

Insider Transactions at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 32,165 shares of the company’s stock, valued at approximately $4,876,857.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Gael Touya sold 3,300 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 32,165 shares of the company’s stock, valued at approximately $4,876,857.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the sale, the chief executive officer now owns 174,118 shares in the company, valued at $25,692,852.08. The disclosure for this sale can be found here. In the last three months, insiders sold 49,457 shares of company stock valued at $7,314,030. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their target price on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research note 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.