Vanguard Personalized Indexing Management LLC Lowers Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Vanguard Personalized Indexing Management LLC reduced its holdings in AptarGroup, Inc. (NYSE:ATR) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,063 shares of the industrial products company’s stock after selling 410 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in AptarGroup were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of AptarGroup in the 1st quarter valued at $25,000. Blue Trust Inc. boosted its holdings in AptarGroup by 281.0% in the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares during the last quarter. Gradient Investments LLC purchased a new stake in AptarGroup during the second quarter valued at about $40,000. Versant Capital Management Inc increased its stake in AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 299 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of AptarGroup in the 1st quarter worth about $52,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

AptarGroup Stock Up 0.4 %

Shares of NYSE ATR opened at $157.18 on Thursday. The stock has a fifty day moving average price of $149.06 and a 200 day moving average price of $145.68. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $158.80. The company has a market cap of $10.42 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.21 and a beta of 0.57.

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 business had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. Research analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity at AptarGroup

In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the transaction, the insider now directly owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the transaction, the insider now owns 20,174 shares in the company, valued at $2,956,701.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shiela Vinczeller sold 1,660 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $151.15, for a total value of $250,909.00. Following the completion of the transaction, the insider now directly owns 22,651 shares of the company’s stock, valued at approximately $3,423,698.65. 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. Corporate insiders own 1.00% of the company’s stock.

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.