Los Angeles Capital Management LLC Purchases 125 Shares of AptarGroup, Inc. (NYSE:ATR)

Los Angeles Capital Management LLC boosted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,232 shares of the industrial products company’s stock after buying an additional 125 shares during the quarter. Los Angeles Capital Management LLC’s holdings in AptarGroup were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its holdings in shares of AptarGroup by 9.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System boosted its stake in shares of AptarGroup by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock worth $1,954,000 after acquiring an additional 100 shares during the period. Fulton Bank N.A. increased its holdings in shares of AptarGroup by 4.9% during the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 105 shares during the last quarter. Natixis Advisors L.P. raised its stake in AptarGroup by 0.4% in the 4th quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock valued at $3,037,000 after acquiring an additional 109 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in AptarGroup by 4.1% during the 4th quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Trading Down 0.4 %

ATR stock opened at $148.49 on Friday. AptarGroup, Inc. has a 52 week low of $111.63 and a 52 week high of $151.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. The company’s 50-day simple moving average is $142.42 and its 200 day simple moving average is $133.69. The company has a market capitalization of $9.84 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.99 and a beta of 0.57.

AptarGroup (NYSE:ATR) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. The company had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.34 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.10%. AptarGroup’s dividend payout ratio is presently 35.19%.

Insider Transactions at AptarGroup

In related news, insider Marc Prieur sold 3,200 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the transaction, the insider now owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AptarGroup news, insider Gael Touya sold 3,500 shares of the business’s 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 completion of the transaction, the insider now directly owns 33,426 shares in the company, valued at $4,774,569.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the sale, the insider now directly owns 16,616 shares in the company, valued at approximately $2,474,454.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,334 shares of company stock valued at $6,467,171. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ATR has been the topic of several research reports. Robert W. Baird upped their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th. William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company upped their target price on AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research report on Monday, April 29th.

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.