Albert D Mason Inc. Purchases 198 Shares of AptarGroup, Inc. (NYSE:ATR)

Albert D Mason Inc. boosted its position in AptarGroup, Inc. (NYSE:ATR) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,450 shares of the industrial products company’s stock after acquiring an additional 198 shares during the period. Albert D Mason Inc.’s holdings in AptarGroup were worth $1,551,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ATR. Norges Bank bought a new stake in AptarGroup in the 4th quarter worth $116,265,000. FMR LLC increased its position in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after buying an additional 617,365 shares during the period. Bank of America Corp DE increased its position in shares of AptarGroup by 297.2% during the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock valued at $74,312,000 after buying an additional 353,935 shares during the period. GAMMA Investing LLC increased its position in shares of AptarGroup by 20,143.0% during the first quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company’s stock valued at $300,970,000 after buying an additional 201,833 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of AptarGroup during the fourth quarter valued at about $22,925,000. Institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ATR shares. Wall Street Zen upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Raymond James reduced their price target on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $178.60.

Insider Transactions at AptarGroup

In other news, insider Gael Touya sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $152.62, for a total value of $503,646.00. Following the transaction, the insider now owns 33,963 shares in the company, valued at approximately $5,183,433.06. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Stephan B. Tanda sold 17,771 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total transaction of $2,687,686.04. Following the completion of the transaction, the chief executive officer now owns 204,986 shares in the company, valued at approximately $31,002,082.64. This represents a 7.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,680 shares of company stock worth $6,983,798. Corporate insiders own 0.68% of the company’s stock.

AptarGroup Price Performance

Shares of ATR opened at $154.25 on Friday. The stock has a market cap of $10.19 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The firm’s 50-day simple moving average is $150.41 and its two-hundred day simple moving average is $153.40.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. The business had revenue of $887.31 million for the quarter, compared to analysts’ expectations of $894.26 million. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. Analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 1st. AptarGroup’s dividend payout ratio (DPR) is presently 32.85%.

AptarGroup Company 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.