AptarGroup, Inc. (NYSE:ATR) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its stake in AptarGroup, Inc. (NYSE:ATRGet Rating) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,299 shares of the industrial products company’s stock after acquiring an additional 6,747 shares during the period. Bank of Montreal Can owned approximately 0.33% of AptarGroup worth $22,269,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ATR. CWM LLC lifted its position in AptarGroup by 58.2% during the second quarter. CWM LLC now owns 348 shares of the industrial products company’s stock valued at $36,000 after buying an additional 128 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in AptarGroup during the first quarter valued at approximately $42,000. Quadrant Capital Group LLC lifted its position in AptarGroup by 129.7% during the first quarter. Quadrant Capital Group LLC now owns 395 shares of the industrial products company’s stock valued at $47,000 after buying an additional 223 shares in the last quarter. JJJ Advisors Inc. lifted its position in AptarGroup by 63.5% during the first quarter. JJJ Advisors Inc. now owns 515 shares of the industrial products company’s stock valued at $61,000 after buying an additional 200 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new position in AptarGroup during the first quarter valued at approximately $82,000. 89.08% of the stock is owned by institutional investors and hedge funds.

AptarGroup Stock Performance

Shares of ATR opened at $106.04 on Monday. AptarGroup, Inc. has a 1 year low of $90.23 and a 1 year high of $131.52. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 4.16 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.56. The firm has a fifty day moving average of $99.34 and a 200-day moving average of $102.91.

AptarGroup (NYSE:ATRGet Rating) last announced its quarterly earnings results on Friday, October 28th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company had revenue of $836.90 million during the quarter, compared to the consensus estimate of $838.49 million. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities analysts anticipate that AptarGroup, Inc. will post 3.64 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, October 26th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 25th. AptarGroup’s payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ATR. StockNews.com began coverage on shares of AptarGroup in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Bank of America dropped their price target on shares of AptarGroup from $123.00 to $112.00 in a research note on Thursday, October 13th. BMO Capital Markets initiated coverage on shares of AptarGroup in a research note on Monday, October 31st. They issued a “buy” rating and a $135.00 price target for the company. Morgan Stanley dropped their price target on shares of AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 18th. Finally, Wells Fargo & Company dropped their price target on shares of AptarGroup from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, Director Matthew L. Trerotola purchased 3,170 shares of the business’s stock in a transaction on Thursday, November 3rd. The stock was bought at an average cost of $94.48 per share, with a total value of $299,501.60. Following the acquisition, the director now owns 4,378 shares of the company’s stock, valued at $413,633.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

About AptarGroup

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AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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