Raymond James Financial Services Advisors Inc. Sells 180 Shares of AptarGroup, Inc. (NYSE:ATR)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 1.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,184 shares of the industrial products company’s stock after selling 180 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in AptarGroup were worth $1,383,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its position in AptarGroup by 93.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,346 shares of the industrial products company’s stock valued at $2,794,000 after buying an additional 10,796 shares during the period. FMR LLC boosted its position in AptarGroup by 19.7% during the third quarter. FMR LLC now owns 1,371,141 shares of the industrial products company’s stock worth $171,447,000 after purchasing an additional 225,296 shares during the period. UBS Group AG boosted its position in AptarGroup by 65.4% during the third quarter. UBS Group AG now owns 53,313 shares of the industrial products company’s stock worth $6,666,000 after purchasing an additional 21,084 shares during the period. Sei Investments Co. boosted its position in AptarGroup by 9.2% during the third quarter. Sei Investments Co. now owns 103,341 shares of the industrial products company’s stock worth $12,922,000 after purchasing an additional 8,671 shares during the period. Finally, Herold Advisors Inc. bought a new position in AptarGroup during the third quarter worth about $875,000. Institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company raised their price objective on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the sale, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the sale, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the sale, the insider now owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock worth $5,318,280 over the last three months. 1.00% of the stock is owned by insiders.

AptarGroup Price Performance

ATR stock opened at $137.28 on Friday. The firm has a 50 day moving average of $139.83 and a 200-day moving average of $130.95. 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, Inc. has a 12 month low of $111.63 and a 12 month high of $145.35. The firm has a market capitalization of $9.08 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 3.82 and a beta of 0.59.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The company had revenue of $838.48 million during the quarter, compared to analyst estimates of $842.50 million. During the same period last year, the business earned $0.92 earnings per share. AptarGroup’s revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that AptarGroup, Inc. will post 5.22 earnings per share 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 given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.19%. AptarGroup’s payout ratio 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.