Raiffeisen Bank International AG Purchases New Shares in AptarGroup, Inc. (NYSE:ATR)

Raiffeisen Bank International AG purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,118 shares of the industrial products company’s stock, valued at approximately $175,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATR. Park Avenue Securities LLC raised its holdings in AptarGroup by 174.0% during the 4th quarter. Park Avenue Securities LLC now owns 3,628 shares of the industrial products company’s stock valued at $570,000 after buying an additional 2,304 shares during the period. HB Wealth Management LLC purchased a new stake in AptarGroup during the 4th quarter valued at $369,000. Howard Capital Management Group LLC raised its holdings in AptarGroup by 1.0% during the 4th quarter. Howard Capital Management Group LLC now owns 133,200 shares of the industrial products company’s stock valued at $20,926,000 after buying an additional 1,325 shares during the period. Park Place Capital Corp purchased a new stake in AptarGroup during the 4th quarter valued at $67,000. Finally, Inspire Investing LLC raised its holdings in AptarGroup by 282.9% during the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 5,024 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Price Performance

ATR opened at $157.11 on Monday. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $147.32 and its 200-day simple moving average is $155.15. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 3.89 and a beta of 0.58.

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

AptarGroup Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, May 1st. AptarGroup’s payout ratio is 32.85%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at AptarGroup

In related news, insider Shiela Vinczeller sold 995 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $152.42, for a total transaction of $151,657.90. Following the completion of the sale, the insider now directly owns 26,301 shares in the company, valued at $4,008,798.42. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephan B. Tanda sold 17,771 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $151.24, for a total value of $2,687,686.04. Following the sale, the chief executive officer now owns 204,986 shares of the company’s stock, valued at $31,002,082.64. This trade represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,095 shares of company stock valued at $4,565,770. 0.68% of the stock is currently owned by corporate insiders.

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.