Evercore Wealth Management LLC Cuts Stake in AptarGroup, Inc. (ATR)

Evercore Wealth Management LLC reduced its position in AptarGroup, Inc. (NYSE:ATR) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,480 shares of the industrial products company’s stock after selling 985 shares during the quarter. Evercore Wealth Management LLC’s holdings in AptarGroup were worth $7,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. lifted its stake in shares of AptarGroup by 3,866.7% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,190 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 1,160 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of AptarGroup in the 3rd quarter valued at about $144,000. Moneta Group Investment Advisors LLC lifted its stake in shares of AptarGroup by 99.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,698 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 848 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of AptarGroup in the 3rd quarter valued at about $211,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of AptarGroup in the 2nd quarter valued at about $222,000. 90.45% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Monday, October 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $105.13.

NYSE ATR opened at $101.63 on Friday. AptarGroup, Inc. has a 1-year low of $79.97 and a 1-year high of $112.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.87 and a quick ratio of 1.34. The stock has a market capitalization of $6.47 billion, a PE ratio of 26.53, a P/E/G ratio of 3.09 and a beta of 0.80.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $665.78 million during the quarter, compared to analyst estimates of $673.54 million. AptarGroup had a return on equity of 18.42% and a net margin of 7.52%. AptarGroup’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. Equities research analysts forecast that AptarGroup, Inc. will post 3.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 31st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, October 30th. AptarGroup’s payout ratio is 39.53%.

In other AptarGroup news, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $104.92, for a total transaction of $2,623,000.00. Following the completion of the transaction, the director now owns 110,105 shares of the company’s stock, valued at approximately $11,552,216.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.30% of the company’s stock.

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AptarGroup Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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