Colony Group LLC reduced its position in AptarGroup, Inc. (NYSE:ATR) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,455 shares of the industrial products company’s stock after selling 750 shares during the quarter. Colony Group LLC owned about 0.05% of AptarGroup worth $2,937,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Hall Laurie J Trustee lifted its position in shares of AptarGroup by 642.2% in the 1st quarter. Hall Laurie J Trustee now owns 1,670 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 1,445 shares during the period. Fisher Asset Management LLC acquired a new position in shares of AptarGroup in the 1st quarter worth approximately $210,000. Janney Montgomery Scott LLC bought a new stake in shares of AptarGroup in the 2nd quarter valued at $222,000. Quantbot Technologies LP bought a new stake in shares of AptarGroup in the 1st quarter valued at $243,000. Finally, GSA Capital Partners LLP bought a new stake in shares of AptarGroup in the 1st quarter valued at $254,000. 90.86% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Monday, October 1st. BMO Capital Markets boosted their price target on shares of AptarGroup from $92.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. Deutsche Bank set a $115.00 price target on shares of AptarGroup and gave the company a “buy” rating in a research note on Monday, July 30th. ValuEngine upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Finally, Vertical Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating and set a $86.00 target price for the company. in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $105.13.
In other AptarGroup news, CFO Robert Kuhn sold 10,000 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $101.24, for a total transaction of $1,012,400.00. Following the transaction, the chief financial officer now directly owns 49,498 shares in the company, valued at $5,011,177.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Salim Haffar sold 23,206 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $101.34, for a total transaction of $2,351,696.04. Following the transaction, the insider now owns 48,977 shares in the company, valued at $4,963,329.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,862 shares of company stock worth $10,071,434. 3.40% of the stock is owned by company insiders.
Shares of NYSE:ATR traded up $0.08 during midday trading on Friday, reaching $107.17. The company had a trading volume of 220,877 shares, compared to its average volume of 293,742. The company has a market capitalization of $6.70 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 3.25 and a beta of 0.81. AptarGroup, Inc. has a 52-week low of $79.97 and a 52-week high of $112.31. 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 released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.08. The business 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%. As a group, research analysts predict that AptarGroup, Inc. will post 3.9 earnings per share for the current year.
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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