Concentric Capital Strategies LP Invests $6.13 Million in AptarGroup, Inc. (NYSE:ATR)

Concentric Capital Strategies LP acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,003 shares of the industrial products company’s stock, valued at approximately $6,127,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $126,000. Franklin Resources Inc. lifted its holdings in shares of AptarGroup by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 69,670 shares of the industrial products company’s stock worth $11,648,000 after acquiring an additional 15,244 shares during the period. GAMMA Investing LLC grew its holdings in shares of AptarGroup by 67.6% during the 4th quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 404 shares during the period. Fulton Bank N.A. lifted its position in AptarGroup by 13.4% during the fourth quarter. Fulton Bank N.A. now owns 2,334 shares of the industrial products company’s stock valued at $367,000 after buying an additional 276 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after purchasing an additional 5,248 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

ATR opened at $151.20 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $146.47 and its 200 day moving average price is $156.00. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.89 and a beta of 0.58.

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

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, May 1st. AptarGroup’s dividend payout ratio (DPR) is 32.85%.

Wall Street Analyst Weigh In

ATR has been the topic of a number of recent research reports. StockNews.com raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Raymond James reduced their target price on AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $170.00 price target (up from $162.00) on shares of AptarGroup in a report on Tuesday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AptarGroup presently has an average rating of “Buy” and an average price target of $178.60.

Insider Activity at AptarGroup

In other news, CEO Stephan B. Tanda sold 11,329 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $152.39, for a total value of $1,726,426.31. Following the completion of the transaction, the chief executive officer now directly owns 204,986 shares in the company, valued at $31,237,816.54. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is owned by insiders.

About AptarGroup

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.