AptarGroup, Inc. (NYSE:ATR) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in AptarGroup, Inc. (NYSE:ATR) by 0.2% in the fourth quarter, Holdings Channel reports. The fund owned 143,444 shares of the industrial products company’s stock after purchasing an additional 283 shares during the period. New York State Common Retirement Fund’s holdings in AptarGroup were worth $17,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ATR. Morgan Stanley increased its stake in shares of AptarGroup by 10.0% in the 3rd quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company’s stock worth $576,242,000 after acquiring an additional 420,457 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of AptarGroup by 43.8% in the 3rd quarter. Acadian Asset Management LLC now owns 744,836 shares of the industrial products company’s stock worth $93,111,000 after acquiring an additional 226,818 shares during the last quarter. FMR LLC increased its position in shares of AptarGroup by 19.7% during the 3rd 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 last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of AptarGroup by 2,351.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 144,547 shares of the industrial products company’s stock worth $18,074,000 after purchasing an additional 138,650 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of AptarGroup by 9.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,147,557 shares of the industrial products company’s stock worth $143,491,000 after purchasing an additional 101,279 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $143.33 on Monday. The business has a 50-day moving average of $140.97 and a 200 day moving average of $132.16. AptarGroup, Inc. has a 12 month low of $111.63 and a 12 month high of $148.51. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 3.93 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 0.83.

AptarGroup (NYSE:ATR) last announced its earnings results 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 return on equity of 15.26% and a net margin of 8.83%. The company had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. During the same period last year, the business posted $0.92 EPS. AptarGroup’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 5.21 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is 35.19%.

Analyst Upgrades and Downgrades

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

Insider Activity at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the transaction, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated 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 completion of the transaction, 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 sold 37,500 shares of company stock worth $5,318,280 in the last three months. 1.00% of the stock is owned by company insiders.

AptarGroup Company Profile

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.