Assenagon Asset Management S.A. Acquires New Stake in AptarGroup, Inc. (NYSE:ATR)

Assenagon Asset Management S.A. acquired a new stake in AptarGroup, Inc. (NYSE:ATRFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 33,311 shares of the industrial products company’s stock, valued at approximately $4,118,000. Assenagon Asset Management S.A. owned about 0.05% of AptarGroup at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new position in shares of AptarGroup during the 1st quarter worth $30,000. Janiczek Wealth Management LLC raised its stake in shares of AptarGroup by 57.7% during the 3rd quarter. Janiczek Wealth Management LLC now owns 317 shares of the industrial products company’s stock worth $40,000 after buying an additional 116 shares during the last quarter. Belpointe Asset Management LLC raised its stake in shares of AptarGroup by 60.3% during the 1st quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company’s stock worth $41,000 after buying an additional 132 shares during the last quarter. C M Bidwell & Associates Ltd. raised its stake in shares of AptarGroup by 1,063.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after buying an additional 319 shares during the last quarter. Finally, Adirondack Trust Co. acquired a new position in shares of AptarGroup during the 3rd quarter worth $50,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

AptarGroup Trading Down 1.1 %

Shares of ATR stock opened at $142.33 on Tuesday. The firm has a 50-day moving average price of $138.36 and a 200 day moving average price of $130.14. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $145.35. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 3.96 and a beta of 0.59. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

AptarGroup (NYSE:ATRGet Free Report) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The firm had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. During the same quarter in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts forecast that AptarGroup, Inc. will post 5.19 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 1st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, January 31st. AptarGroup’s dividend payout ratio (DPR) is 38.59%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $125.00 to $150.00 in a research note on Wednesday, January 3rd.

Get Our Latest Stock Report on AptarGroup

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the sale, the director now owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $5,318,280 in the last 90 days. 1.00% of the stock is owned by company insiders.

AptarGroup Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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