Dividend Assets Capital LLC held its stake in shares of AptarGroup, Inc. (NYSE:ATR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,580 shares of the industrial products company’s stock at the end of the second quarter. Dividend Assets Capital LLC’s holdings in AptarGroup were worth $311,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Wetherby Asset Management Inc. boosted its stake in shares of AptarGroup by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 7,493 shares of the industrial products company’s stock valued at $577,000 after buying an additional 25 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in shares of AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock valued at $478,000 after buying an additional 26 shares in the last quarter. Opus Capital Group LLC boosted its stake in shares of AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock valued at $391,000 after buying an additional 30 shares in the last quarter. Toronto Dominion Bank boosted its stake 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. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock valued at $274,000 after buying an additional 31 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.
AptarGroup, Inc. (ATR) opened at 82.14 on Monday. AptarGroup, Inc. has a 52-week low of $70.32 and a 52-week high of $90.79. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 24.16 and a beta of 0.96. The stock’s 50 day moving average price is $86.32 and its 200 day moving average price is $80.67.
AptarGroup (NYSE:ATR) last announced its quarterly earnings data 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. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The firm had revenue of $617.75 million during the quarter, compared to analysts’ expectations of $624.74 million. During the same quarter last year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts anticipate that AptarGroup, Inc. will post $3.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. AptarGroup’s dividend payout ratio (DPR) is presently 37.54%.
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Several analysts have weighed in on the company. BidaskClub cut AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and set a $77.00 price objective on shares of AptarGroup in a report on Thursday, June 8th. Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BMO Capital Markets reissued a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a report on Thursday, July 20th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.83.
In other AptarGroup news, Director Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the sale, the director now owns 107,700 shares of the company’s stock, valued at $9,258,969. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director King W. Harris sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $85.43, for a total value of $1,196,020.00. Following the completion of the sale, the director now directly owns 189,974 shares of the company’s stock, valued at approximately $16,229,478.82. The disclosure for this sale can be found here. Insiders sold 140,667 shares of company stock valued at $11,662,548 in the last three months. Insiders own 5.30% of the company’s stock.
AptarGroup Company Profile
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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