Mountain Pacific Investment Advisers Inc. ID Cuts Holdings in AptarGroup, Inc. (NYSE:ATR)

Mountain Pacific Investment Advisers Inc. ID reduced its position in shares of AptarGroup, Inc. (NYSE:ATR) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 363,850 shares of the industrial products company’s stock after selling 2,855 shares during the period. AptarGroup accounts for 2.8% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 12th biggest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in AptarGroup were worth $44,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of AptarGroup by 2.2% during the 4th quarter. Truist Financial Corp now owns 23,243 shares of the industrial products company’s stock valued at $2,873,000 after buying an additional 500 shares in the last quarter. South Dakota Investment Council acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $1,101,000. GAMMA Investing LLC purchased a new stake in shares of AptarGroup during the fourth quarter worth about $61,000. RWA Wealth Partners LLC purchased a new stake in shares of AptarGroup during the fourth quarter worth about $302,000. Finally, Duality Advisers LP acquired a new position in shares of AptarGroup during the 4th quarter worth about $734,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,648 shares in the company, valued at $1,374,357.60. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock valued at $5,318,280 in the last three months. 1.00% of the stock is currently owned by insiders.

AptarGroup Stock Up 2.2 %

Shares of NYSE ATR opened at $143.28 on Friday. The stock has a market cap of $9.48 billion, a PE ratio of 33.71, a P/E/G ratio of 3.84 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, Inc. has a 12-month low of $111.63 and a 12-month high of $148.51. The company has a 50-day moving average of $140.97 and a 200 day moving average of $132.09.

AptarGroup (NYSE:ATR) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping 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 period in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that AptarGroup, Inc. will post 5.21 EPS for the current fiscal year.

AptarGroup Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, April 24th. 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.