UMB Bank n.a. Boosts Stock Position in AptarGroup, Inc. (NYSE:ATR)

UMB Bank n.a. grew its stake in AptarGroup, Inc. (NYSE:ATR) by 116.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 603 shares of the industrial products company’s stock after purchasing an additional 325 shares during the quarter. UMB Bank n.a.’s holdings in AptarGroup were worth $89,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in AptarGroup in the fourth quarter worth about $42,000. MassMutual Private Wealth & Trust FSB grew its holdings in AptarGroup by 155.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 169 shares during the period. Principal Securities Inc. raised its holdings in shares of AptarGroup by 328.4% in the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 335 shares in the last quarter. Huntington National Bank increased its holdings in shares of AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock valued at $73,000 after buying an additional 120 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of AptarGroup during the fourth quarter worth $75,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

Shares of NYSE ATR opened at $154.25 on Friday. The company has a market cap of $10.19 billion, a P/E ratio of 27.84, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The business’s 50 day moving average is $150.41 and its two-hundred day moving average is $153.40. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.16 by $0.04. The firm had revenue of $887.31 million during the quarter, compared to analysts’ expectations of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. AptarGroup’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share. On average, equities analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, May 1st. AptarGroup’s dividend payout ratio (DPR) is currently 32.85%.

Insider Activity

In other news, insider Xiangwei Gong sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $156.49, for a total transaction of $1,095,430.00. Following the transaction, the insider now directly owns 10,265 shares in the company, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their ownership of the stock. 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 17,771 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total value of $2,687,686.04. Following the sale, the chief executive officer now owns 204,986 shares of the company’s stock, valued at approximately $31,002,082.64. The trade was a 7.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,680 shares of company stock worth $6,983,798. Insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the subject of several research analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. Wall Street Zen upgraded AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Raymond James decreased their price objective on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $178.60.

AptarGroup 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.