AptarGroup, Inc. (NYSE:ATR) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 6.8% in the second quarter, Holdings Channel reports. The institutional investor owned 141,500 shares of the industrial products company’s stock after buying an additional 9,000 shares during the quarter. Renaissance Technologies LLC’s holdings in AptarGroup were worth $19,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATR. Rise Advisors LLC acquired a new position in AptarGroup during the 1st quarter worth $25,000. Blue Trust Inc. lifted its position in shares of AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares during the last quarter. Gradient Investments LLC acquired a new position in AptarGroup in the second quarter worth about $40,000. Versant Capital Management Inc increased its holdings in AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after buying an additional 299 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in AptarGroup during the first quarter valued at approximately $52,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Price Performance

ATR opened at $155.91 on Friday. 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 company’s 50-day moving average price is $148.33 and its 200 day moving average price is $145.39. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $158.80. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57.

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

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s dividend payout ratio is currently 38.63%.

Analyst Ratings Changes

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

Insider Activity at AptarGroup

In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the completion of the transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $25,692,852.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Kuhn sold 200 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the transaction, the chief financial officer now directly owns 65,552 shares in the company, valued at approximately $9,844,599.36. The disclosure for this sale can be found here. Insiders have sold a total of 49,457 shares of company stock worth $7,314,030 in the last ninety days. 1.00% of the stock is owned by insiders.

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.