AptarGroup, Inc. $ATR Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 15.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,632 shares of the industrial products company’s stock after selling 485 shares during the period. Cetera Investment Advisers’ holdings in AptarGroup were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ATR. Utah Retirement Systems boosted its stake in AptarGroup by 0.9% in the fourth quarter. Utah Retirement Systems now owns 10,981 shares of the industrial products company’s stock valued at $1,725,000 after acquiring an additional 100 shares during the period. Nia Impact Advisors LLC boosted its stake in AptarGroup by 1.0% in the fourth quarter. Nia Impact Advisors LLC now owns 9,690 shares of the industrial products company’s stock valued at $1,522,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its stake in AptarGroup by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the industrial products company’s stock valued at $2,760,000 after acquiring an additional 100 shares during the period. Koshinski Asset Management Inc. boosted its stake in AptarGroup by 1.3% in the first quarter. Koshinski Asset Management Inc. now owns 7,818 shares of the industrial products company’s stock valued at $1,160,000 after acquiring an additional 104 shares during the period. Finally, Captrust Financial Advisors boosted its stake in AptarGroup by 2.6% in the fourth quarter. Captrust Financial Advisors now owns 4,691 shares of the industrial products company’s stock valued at $737,000 after acquiring an additional 121 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Xiangwei Gong sold 7,000 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $156.49, for a total value of $1,095,430.00. Following the transaction, the insider owned 10,265 shares of the company’s stock, valued at approximately $1,606,369.85. This represents a 40.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kimberly Chainey sold 1,671 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total value of $255,312.09. Following the completion of the transaction, the executive vice president directly owned 11,088 shares in the company, valued at $1,694,135.52. This represents a 13.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,971 shares of company stock valued at $1,854,388. Corporate insiders own 0.68% of the company’s stock.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $138.04 on Tuesday. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.87 and a beta of 0.57. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The stock’s 50 day moving average price is $152.27 and its 200 day moving average price is $150.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.21 and a quick ratio of 0.83.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.08. The company had revenue of $966.01 million for the quarter, compared to analysts’ expectations of $954.06 million. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. Equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 24th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. AptarGroup’s dividend payout ratio is currently 30.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ATR. Raymond James Financial reiterated an “outperform” rating and set a $172.00 price objective (down from $182.00) on shares of AptarGroup in a research report on Monday, August 4th. Wall Street Zen raised AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $153.00 target price (down previously from $173.00) on shares of AptarGroup in a report on Monday, August 4th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $174.60.

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.