American International Group Inc. decreased its stake in AptarGroup, Inc. (NYSE:ATR) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,264 shares of the industrial products company’s stock after selling 4,644 shares during the period. American International Group Inc. owned 0.20% of AptarGroup worth $11,163,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Centiva Capital LP bought a new stake in shares of AptarGroup in the fourth quarter valued at approximately $235,000. D.A. Davidson & CO. raised its position in shares of AptarGroup by 25.3% in the first quarter. D.A. Davidson & CO. now owns 2,905 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 586 shares during the period. Dean Capital Investments Management LLC bought a new stake in shares of AptarGroup in the fourth quarter valued at approximately $273,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AptarGroup by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,662 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 987 shares during the period. Finally, Hartland & Co. LLC bought a new stake in shares of AptarGroup in the fourth quarter valued at approximately $320,000. 91.19% of the stock is currently owned by institutional investors and hedge funds.
AptarGroup opened at $93.56 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.55 and a current ratio of 3.16. The company has a market cap of $5.84 billion, a P/E ratio of 27.20, a PEG ratio of 2.89 and a beta of 0.79. AptarGroup, Inc. has a 1-year low of $79.97 and a 1-year high of $96.39.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 9th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Tuesday, May 8th. AptarGroup’s dividend payout ratio (DPR) is presently 37.21%.
In other AptarGroup news, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $91.98, for a total value of $2,299,500.00. Following the completion of the transaction, the director now owns 110,105 shares of the company’s stock, valued at approximately $10,127,457.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ursula Saint-Leger sold 66,493 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $90.53, for a total transaction of $6,019,611.29. Following the completion of the transaction, the insider now directly owns 42,690 shares of the company’s stock, valued at approximately $3,864,725.70. The disclosure for this sale can be found here. Insiders have sold a total of 216,090 shares of company stock worth $19,689,075 in the last ninety days. 5.30% of the stock is currently owned by insiders.
Several research firms have recently issued reports on ATR. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Friday, April 27th. Wells Fargo reissued a “market perform” rating and issued a $90.00 price target (up previously from $83.00) on shares of AptarGroup in a research report on Wednesday, February 14th. Finally, Jefferies Group started coverage on shares of AptarGroup in a report on Friday. They set a “hold” rating and a $99.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $90.57.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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