ProShare Advisors LLC Sells 5,983 Shares of AptarGroup, Inc. (NYSE:ATR)

ProShare Advisors LLC decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,164 shares of the industrial products company’s stock after selling 5,983 shares during the quarter. ProShare Advisors LLC owned about 0.34% of AptarGroup worth $31,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in AptarGroup by 3.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock worth $332,000 after buying an additional 82 shares during the period. Argent Trust Co raised its holdings in AptarGroup by 6.1% during the 2nd quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock worth $237,000 after buying an additional 97 shares during the period. Adirondack Trust Co. raised its holdings in AptarGroup by 25.0% during the 2nd quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock worth $70,000 after buying an additional 100 shares during the period. Delaney Dennis R raised its holdings in AptarGroup by 0.3% during the 2nd quarter. Delaney Dennis R now owns 45,774 shares of the industrial products company’s stock worth $6,445,000 after buying an additional 125 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in AptarGroup by 1.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,002 shares of the industrial products company’s stock worth $1,583,000 after buying an additional 167 shares during the period. Institutional investors own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their target price on shares of AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th.

Insider Activity

In other news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total transaction of $117,248.00. Following the transaction, the insider now directly owns 20,174 shares in the company, valued at $2,956,701.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $25,692,852.08. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock worth $7,314,030 over the last ninety days. Insiders own 1.00% of the company’s stock.

AptarGroup Price Performance

NYSE ATR opened at $155.91 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $158.80. The company has a market capitalization of $10.33 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. The firm’s 50 day moving average is $148.33 and its 200-day moving average is $145.42.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The company had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same period last year, the company earned $1.23 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. AptarGroup’s dividend payout ratio (DPR) is 38.63%.

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.