Arizona State Retirement System Sells 307 Shares of AptarGroup, Inc. (NYSE:ATR)

Arizona State Retirement System lessened its position in AptarGroup, Inc. (NYSE:ATR) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,349 shares of the industrial products company’s stock after selling 307 shares during the quarter. Arizona State Retirement System’s holdings in AptarGroup were worth $2,268,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. bought a new stake in shares of AptarGroup during the first quarter worth $30,000. Janiczek Wealth Management LLC increased its stake in AptarGroup by 57.7% in 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 period. Belpointe Asset Management LLC lifted its holdings in AptarGroup by 60.3% during the 1st quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company’s stock valued at $41,000 after buying an additional 132 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its position in AptarGroup by 1,063.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after buying an additional 319 shares during the period. Finally, Adirondack Trust Co. bought a new position in AptarGroup in the 3rd quarter worth about $50,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Gael Touya sold 3,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the sale, the insider now directly owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other AptarGroup news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now directly owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock worth $5,318,280 over the last quarter. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ATR. Robert W. Baird upgraded AptarGroup from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company lifted their target price on AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th.

AptarGroup Stock Performance

Shares of ATR stock opened at $139.13 on Friday. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.85 and a beta of 0.59. AptarGroup, Inc. has a 52-week low of $111.63 and a 52-week high of $145.35. The company has a quick ratio of 0.83, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $139.66 and its 200 day moving average is $130.90.

AptarGroup (NYSE:ATR) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The business had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.22 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.18%. AptarGroup’s dividend payout ratio (DPR) is presently 38.59%.

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.