Sone Capital Management LLC Takes $4.54 Million Position in AptarGroup, Inc. (NYSE:ATR)

Sone Capital Management LLC acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,881 shares of the industrial products company’s stock, valued at approximately $4,537,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Investing LLC boosted its stake in shares of AptarGroup by 282.9% during the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 5,024 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in AptarGroup by 13.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company’s stock valued at $1,494,000 after buying an additional 1,146 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in AptarGroup by 1.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after buying an additional 127 shares during the period. Congress Asset Management Co. boosted its position in AptarGroup by 4.1% during the 4th quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock worth $110,490,000 after buying an additional 27,614 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its holdings in AptarGroup by 288.5% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,934 shares of the industrial products company’s stock worth $775,000 after acquiring an additional 3,664 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

ATR has been the subject of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Raymond James reduced their price target on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, StockNews.com raised AptarGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AptarGroup has an average rating of “Buy” and an average target price of $178.60.

AptarGroup Price Performance

ATR stock opened at $157.11 on Monday. 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 firm has a market cap of $10.38 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.89 and a beta of 0.58. The company’s fifty day simple moving average is $147.32 and its 200 day simple moving average is $155.15. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR) last announced its 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 return on equity of 15.56% and a net margin of 10.45%. The company had revenue of $887.31 million for the quarter, compared to analyst estimates of $894.26 million. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 1st. AptarGroup’s dividend payout ratio (DPR) is 32.85%.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 11,329 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the completion of the sale, the chief executive officer now owns 204,986 shares in the company, valued at $31,237,816.54. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shiela Vinczeller sold 995 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total value of $151,657.90. Following the completion of the transaction, the insider now owns 26,301 shares in the company, valued at approximately $4,008,798.42. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,095 shares of company stock valued at $4,565,770 in the last quarter. 0.68% of the stock is currently owned by company 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.