Mackenzie Financial Corp Reduces Position in AptarGroup, Inc. (NYSE:ATR)

Mackenzie Financial Corp decreased its position in AptarGroup, Inc. (NYSE:ATR) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,809 shares of the industrial products company’s stock after selling 25,352 shares during the period. Mackenzie Financial Corp’s holdings in AptarGroup were worth $1,213,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. C M Bidwell & Associates Ltd. grew its stake in shares of 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. Adirondack Trust Co. purchased a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $50,000. CWM LLC grew its stake in shares of AptarGroup by 39.0% in the 3rd quarter. CWM LLC now owns 467 shares of the industrial products company’s stock valued at $58,000 after buying an additional 131 shares during the period. Clearstead Advisors LLC grew its stake in shares of AptarGroup by 117.7% in the 3rd quarter. Clearstead Advisors LLC now owns 751 shares of the industrial products company’s stock valued at $94,000 after buying an additional 406 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $104,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insiders Place Their Bets

In other AptarGroup news, insider Gael Touya sold 3,500 shares of the 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 directly owns 33,426 shares in the company, valued at approximately $4,774,569.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the sale, the director now directly owns 9,648 shares in the company, valued at approximately $1,374,357.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $5,318,280 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of AptarGroup from $157.00 to $160.00 and gave the company 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 increased their price objective for the stock from $125.00 to $150.00 in a research report on Wednesday, January 3rd.

AptarGroup Stock Performance

NYSE:ATR opened at $140.01 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. The stock has a market capitalization of $9.26 billion, a P/E ratio of 32.94, a PEG ratio of 3.85 and a beta of 0.59. The company has a 50 day moving average price of $140.75 and a 200 day moving average price of $131.92. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $145.35.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts forecast that AptarGroup, Inc. will post 5.21 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.17%. 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.