M&T Bank Corp Has $689,000 Position in AptarGroup, Inc. (NYSE:ATR)

M&T Bank Corp cut its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 15.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,647 shares of the industrial products company’s stock after selling 875 shares during the quarter. M&T Bank Corp’s holdings in AptarGroup were worth $689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in AptarGroup in the fourth quarter valued at approximately $116,265,000. FMR LLC lifted its stake in AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Bank of America Corp DE lifted its stake in AptarGroup by 297.2% in the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock valued at $74,312,000 after purchasing an additional 353,935 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of AptarGroup by 20,143.0% during the first quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company’s stock worth $300,970,000 after acquiring an additional 201,833 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of AptarGroup during the fourth quarter worth $21,941,000. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shiela Vinczeller sold 995 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total transaction of $151,657.90. Following the sale, the insider owned 26,301 shares of the company’s stock, valued at approximately $4,008,798.42. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hedi Tlili sold 3,614 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the sale, the insider directly owned 9,379 shares in the company, valued at $1,462,748.84. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,680 shares of company stock worth $6,983,798 over the last three months. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

ATR has been the subject of a number of analyst reports. Raymond James Financial increased their price objective on AptarGroup from $175.00 to $182.00 and gave the company an “outperform” rating in a research note on Tuesday. Wall Street Zen upgraded AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $180.00.

AptarGroup Stock Performance

NYSE ATR opened at $154.14 on Wednesday. The stock has a market cap of $10.18 billion, a PE ratio of 28.13, a P/E/G ratio of 3.13 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The stock has a fifty day simple moving average of $155.34 and a 200-day simple moving average of $151.40.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The company had revenue of $887.31 million during the quarter, compared to analysts’ expectations of $894.26 million. During the same quarter last year, the company posted $1.26 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, July 24th. This represents a $1.80 annualized dividend and a yield of 1.17%. AptarGroup’s dividend payout ratio is currently 32.85%.

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.