Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 36.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,662 shares of the industrial products company’s stock after buying an additional 987 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AptarGroup were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATR. Janus Henderson Group PLC acquired a new stake in AptarGroup during the second quarter worth about $1,563,000. The Manufacturers Life Insurance Company raised its stake in AptarGroup by 5.8% during the second quarter. The Manufacturers Life Insurance Company now owns 138,283 shares of the industrial products company’s stock worth $12,011,000 after acquiring an additional 7,539 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in AptarGroup by 38.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,677 shares of the industrial products company’s stock worth $1,449,000 after acquiring an additional 4,630 shares during the period. Public Employees Retirement System of Ohio raised its stake in AptarGroup by 12.1% during the second quarter. Public Employees Retirement System of Ohio now owns 87,987 shares of the industrial products company’s stock worth $7,643,000 after acquiring an additional 9,465 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in AptarGroup during the second quarter worth about $406,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.
In other AptarGroup news, Director Ralf K. Wunderlich sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total value of $2,262,780.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eldon W. Schaffer II sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $90.17, for a total transaction of $1,803,400.00. Following the completion of the sale, the insider now owns 52,857 shares in the company, valued at approximately $4,766,115.69. The disclosure for this sale can be found here. Insiders sold 76,000 shares of company stock worth $6,782,580 in the last 90 days. 5.30% of the stock is owned by company insiders.
Several equities research analysts recently weighed in on the stock. Wells Fargo & Co reiterated a “market perform” rating and set a $90.00 price objective (up previously from $83.00) on shares of AptarGroup in a research note on Wednesday. Robert W. Baird reiterated a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a research note on Wednesday. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Wednesday, January 31st. Finally, KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $85.38.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $91.83 on Friday. AptarGroup, Inc. has a 12 month low of $73.47 and a 12 month high of $92.32. The company has a market cap of $5,720.46, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88. The company has a quick ratio of 2.29, a current ratio of 3.16 and a debt-to-equity ratio of 0.91.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.71 by $0.10. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The company had revenue of $625.90 million for the quarter, compared to analyst estimates of $577.17 million. During the same quarter last year, the business earned $0.69 earnings per share. AptarGroup’s revenue was up 16.1% compared to the same quarter last year. equities research analysts forecast that AptarGroup, Inc. will post 3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.28 annualized dividend and a dividend yield of 1.39%. AptarGroup’s payout ratio is currently 37.43%.
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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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