Smith Salley & Associates lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 4.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,818 shares of the industrial products company’s stock after selling 133 shares during the period. Smith Salley & Associates’ holdings in AptarGroup were worth $245,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its position in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in shares of AptarGroup during the second quarter valued at approximately $213,000. Finally, Huntington National Bank boosted its position in shares of AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.
AptarGroup, Inc. (ATR) traded down 6.47% during mid-day trading on Friday, hitting $82.31. 915,028 shares of the company traded hands. The firm has a market capitalization of $5.16 billion, a P/E ratio of 24.21 and a beta of 0.98. AptarGroup, Inc. has a one year low of $70.32 and a one year high of $90.79. The firm has a 50 day moving average of $87.50 and a 200 day moving average of $80.05.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million for the quarter, compared to analysts’ expectations of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 17.16%. AptarGroup’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Equities research analysts expect that AptarGroup, Inc. will post $3.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Monday, July 24th. AptarGroup’s payout ratio is currently 37.54%.
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Several research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $77.00 target price on shares of AptarGroup in a report on Thursday, June 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 target price (up from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $82.60.
In related news, Director Alain Chevassus sold 19,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the sale, the director now owns 25,396 shares of the company’s stock, valued at approximately $2,089,582.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director King W. Harris sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $85.43, for a total transaction of $1,196,020.00. Following the sale, the director now directly owns 189,974 shares in the company, valued at approximately $16,229,478.82. The disclosure for this sale can be found here. Insiders have sold a total of 251,726 shares of company stock worth $20,588,098 over the last 90 days. 5.30% of the stock is currently owned by corporate insiders.
About AptarGroup
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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