Bokf Na Cuts Stock Position in AptarGroup, Inc. (NYSE:ATR)

Bokf Na lessened its stake in AptarGroup, Inc. (NYSE:ATRGet Rating) by 54.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,783 shares of the industrial products company’s stock after selling 4,518 shares during the period. Bokf Na’s holdings in AptarGroup were worth $390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of AptarGroup by 8.9% in the 1st quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock valued at $339,946,000 after acquiring an additional 237,377 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of AptarGroup by 25.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,312,128 shares of the industrial products company’s stock valued at $238,635,000 after acquiring an additional 475,626 shares during the last quarter. Rivulet Capital LLC lifted its stake in shares of AptarGroup by 0.5% in the 1st quarter. Rivulet Capital LLC now owns 1,869,200 shares of the industrial products company’s stock valued at $219,631,000 after acquiring an additional 8,800 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of AptarGroup by 0.9% in the 1st quarter. Champlain Investment Partners LLC now owns 1,839,005 shares of the industrial products company’s stock valued at $216,083,000 after acquiring an additional 17,010 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of AptarGroup by 6.8% in the 2nd quarter. Boston Trust Walden Corp now owns 1,237,608 shares of the industrial products company’s stock valued at $127,734,000 after acquiring an additional 78,395 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

AptarGroup Stock Up 0.2 %

Shares of NYSE:ATR opened at $106.19 on Friday. AptarGroup, Inc. has a 52-week low of $90.23 and a 52-week high of $130.08. The firm has a market capitalization of $6.93 billion, a P/E ratio of 30.00, a P/E/G ratio of 4.16 and a beta of 0.64. The stock has a 50 day moving average price of $99.41 and a 200-day moving average price of $102.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.56.

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

AptarGroup Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on ATR shares. StockNews.com started coverage on AptarGroup in a research report on Wednesday, October 12th. They set a “hold” rating for the company. BMO Capital Markets started coverage on AptarGroup in a research report on Monday, October 31st. They set a “buy” rating and a $135.00 price target for the company. Robert W. Baird lowered their price target on AptarGroup to $110.00 in a research report on Tuesday, August 9th. Bank of America lowered their price target on AptarGroup from $123.00 to $112.00 in a research report on Thursday, October 13th. Finally, Morgan Stanley lowered their price target on AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $116.83.

Insider Buying and Selling

In related news, Director Matthew L. Trerotola purchased 3,170 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were bought at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the purchase, the director now directly owns 4,378 shares of the company’s stock, valued at approximately $413,633.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

AptarGroup Company Profile

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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.

See Also

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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