Thrivent Financial for Lutherans Has $3.86 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Thrivent Financial for Lutherans trimmed its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 3.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,376 shares of the industrial products company’s stock after selling 1,001 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AptarGroup were worth $3,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ATR. Sei Investments Co. increased its position in shares of AptarGroup by 4.0% during the second quarter. Sei Investments Co. now owns 98,934 shares of the industrial products company’s stock worth $13,931,000 after acquiring an additional 3,826 shares in the last quarter. Pacer Advisors Inc. boosted its stake in AptarGroup by 20.3% in the 2nd quarter. Pacer Advisors Inc. now owns 17,303 shares of the industrial products company’s stock worth $2,436,000 after purchasing an additional 2,915 shares during the period. AE Wealth Management LLC increased its holdings in AptarGroup by 46.4% during the 2nd quarter. AE Wealth Management LLC now owns 105,565 shares of the industrial products company’s stock worth $14,865,000 after purchasing an additional 33,436 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in AptarGroup by 78.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 214,590 shares of the industrial products company’s stock worth $30,216,000 after purchasing an additional 94,013 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of AptarGroup by 4.2% in the 2nd quarter. Inspire Investing LLC now owns 15,509 shares of the industrial products company’s stock valued at $2,184,000 after purchasing an additional 627 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.54, for a total transaction of $209,742.50. Following the completion of the transaction, the insider now directly owns 9,379 shares of the company’s stock, valued at $1,430,672.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.54, for a total value of $209,742.50. Following the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at $1,430,672.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is owned by insiders.

AptarGroup Price Performance

NYSE:ATR opened at $159.89 on Friday. AptarGroup, Inc. has a 52-week low of $120.36 and a 52-week high of $161.55. The company has a market cap of $10.59 billion, a P/E ratio of 34.31, a P/E/G ratio of 3.21 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. The stock’s 50-day simple moving average is $149.58 and its 200 day simple moving average is $145.89.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The business had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. AptarGroup’s payout ratio is presently 38.63%.

Wall Street Analysts Forecast Growth

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

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.