Mason Street Advisors LLC Cuts Stock Position in AptarGroup, Inc. (NYSE:ATR)

Mason Street Advisors LLC lowered its position in AptarGroup, Inc. (NYSE:ATR) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,585 shares of the industrial products company’s stock after selling 98 shares during the period. Mason Street Advisors LLC owned approximately 0.05% of AptarGroup worth $3,978,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Neuburgh Advisers LLC lifted its stake in AptarGroup by 48.8% during the 2nd quarter. Neuburgh Advisers LLC now owns 15,840 shares of the industrial products company’s stock valued at $1,970,000 after acquiring an additional 5,192 shares during the period. One Wealth Advisors LLC lifted its position in shares of AptarGroup by 14.8% during the second quarter. One Wealth Advisors LLC now owns 1,936 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 250 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of AptarGroup by 4.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 878,830 shares of the industrial products company’s stock worth $109,275,000 after purchasing an additional 37,607 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of AptarGroup by 13.5% during the second quarter. Campbell & CO Investment Adviser LLC now owns 3,211 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 381 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of AptarGroup by 3.4% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,030 shares of the industrial products company’s stock worth $1,496,000 after purchasing an additional 400 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Joanne C. Dr Smith sold 5,749 shares of AptarGroup stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $118.65, for a total value of $682,118.85. Following the transaction, the director now directly owns 20,053 shares in the company, valued at approximately $2,379,288.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Shares of ATR traded up $1.31 during mid-day trading on Wednesday, reaching $109.53. 168,491 shares of the company’s stock were exchanged, compared to its average volume of 242,656. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.04 and a quick ratio of 1.45. The stock has a market capitalization of $6.97 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.68 and a beta of 0.72. The business’s fifty day simple moving average is $115.65 and its 200-day simple moving average is $118.15. AptarGroup, Inc. has a 52-week low of $88.26 and a 52-week high of $126.19.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, October 31st. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.03). AptarGroup had a return on equity of 17.85% and a net margin of 8.16%. The business had revenue of $701.28 million for the quarter, compared to analysts’ expectations of $698.93 million. During the same quarter last year, the business posted $0.97 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Equities research analysts predict that AptarGroup, Inc. will post 3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a $0.36 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.31%. AptarGroup’s dividend payout ratio (DPR) is 36.00%.

Several brokerages have recently issued reports on ATR. Wells Fargo & Co reduced their price target on shares of AptarGroup from $120.00 to $115.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. UBS Group raised their target price on shares of AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Thursday, August 1st. ValuEngine raised shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and set a $123.00 target price on the stock in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. AptarGroup has an average rating of “Hold” and a consensus target price of $119.29.

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 through three segments: Beauty + Home, Pharma, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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