Cornerstone Capital Inc. cut its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 90.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,081 shares of the industrial products company’s stock after selling 189,358 shares during the quarter. AptarGroup accounts for about 3.3% of Cornerstone Capital Inc.’s portfolio, making the stock its 12th largest position. Cornerstone Capital Inc.’s holdings in AptarGroup were worth $19,617,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in AptarGroup by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock worth $89,442,000 after acquiring an additional 182,471 shares during the last quarter. Prudential Financial Inc. grew its holdings in AptarGroup by 3.6% during the 1st quarter. Prudential Financial Inc. now owns 49,146 shares of the industrial products company’s stock worth $4,415,000 after acquiring an additional 1,710 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in AptarGroup by 21.6% during the 2nd quarter. Mawer Investment Management Ltd. now owns 456,192 shares of the industrial products company’s stock worth $42,599,000 after acquiring an additional 81,147 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in AptarGroup by 111.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 82,500 shares of the industrial products company’s stock worth $7,411,000 after acquiring an additional 43,400 shares during the last quarter. Finally, Arnhold LLC bought a new stake in AptarGroup during the 1st quarter worth approximately $1,269,000. 90.99% of the stock is currently owned by institutional investors.
Shares of NYSE ATR opened at $106.38 on Wednesday. The company has a market capitalization of $6.51 billion, a PE ratio of 28.15, a PEG ratio of 3.16 and a beta of 0.82. AptarGroup, Inc. has a 52-week low of $79.97 and a 52-week high of $106.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.42 and a current ratio of 3.01.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.08. The firm had revenue of $710.61 million for the quarter, compared to the consensus estimate of $688.02 million. AptarGroup had a net margin of 8.19% and a return on equity of 17.83%. equities research analysts expect that AptarGroup, Inc. will post 3.89 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 1st were given a $0.34 dividend. The ex-dividend date was Tuesday, July 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from AptarGroup’s previous quarterly dividend of $0.32. AptarGroup’s payout ratio is 39.53%.
In related news, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $102.33, for a total transaction of $2,558,250.00. Following the transaction, the director now owns 110,105 shares in the company, valued at approximately $11,267,044.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Salim Haffar sold 7,616 shares of the business’s stock in a transaction on Thursday, June 21st. The shares were sold at an average price of $93.88, for a total transaction of $714,990.08. Following the transaction, the insider now owns 33,387 shares in the company, valued at approximately $3,134,371.56. The disclosure for this sale can be found here. Insiders sold a total of 103,325 shares of company stock worth $10,427,965 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.
A number of equities research analysts have weighed in on ATR shares. Jefferies Financial Group started coverage on shares of AptarGroup in a report on Friday, May 18th. They set a “hold” rating and a $99.00 target price on the stock. ValuEngine downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. Wells Fargo & Co boosted their price target on shares of AptarGroup from $93.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 31st. Vertical Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating and set a $86.00 price target on the stock. in a research report on Tuesday, July 31st. Finally, Deutsche Bank set a $115.00 price target on shares of AptarGroup and gave the stock a “buy” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $101.75.
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.
Further Reading: Book Value Per Share – BVPS
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