AptarGroup, Inc. (ATR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 38.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,803 shares of the industrial products company’s stock after acquiring an additional 1,052 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AptarGroup were worth $328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gardiner Nancy B increased its position in shares of AptarGroup by 2.6% during the third quarter. Gardiner Nancy B now owns 23,030 shares of the industrial products company’s stock worth $1,989,000 after purchasing an additional 590 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of AptarGroup by 0.4% during the fourth quarter. GW&K Investment Management LLC now owns 142,807 shares of the industrial products company’s stock worth $12,321,000 after purchasing an additional 623 shares in the last quarter. American International Group Inc. increased its position in shares of AptarGroup by 0.5% during the third quarter. American International Group Inc. now owns 128,320 shares of the industrial products company’s stock worth $11,075,000 after purchasing an additional 655 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of AptarGroup by 5.6% during the third quarter. Envestnet Asset Management Inc. now owns 13,252 shares of the industrial products company’s stock worth $1,143,000 after purchasing an additional 700 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of AptarGroup by 2.1% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 39,024 shares of the industrial products company’s stock worth $3,367,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

AptarGroup, Inc. (NYSE ATR) opened at $90.99 on Friday. The stock has a market capitalization of $5,644.44, a PE ratio of 26.61, a P/E/G ratio of 2.82 and a beta of 0.88. AptarGroup, Inc. has a 52-week low of $73.64 and a 52-week high of $92.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.16 and a quick ratio of 2.52.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $577.17 million. AptarGroup had a return on equity of 16.97% and a net margin of 8.91%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. equities analysts expect that AptarGroup, Inc. will post 3.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, January 30th. AptarGroup’s payout ratio is 37.43%.

In other AptarGroup news, Director Ralf K. Wunderlich sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $91.17, for a total value of $2,279,250.00. Following the transaction, the director now owns 114,613 shares in the company, valued at approximately $10,449,267.21. The disclosure for this sale can be found here. Insiders have sold a total of 76,000 shares of company stock worth $6,782,580 in the last quarter. 5.30% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on ATR shares. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Wednesday, January 31st. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Wells Fargo & Co restated 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, Robert W. Baird restated a “hold” rating and issued a $92.00 price target on shares of AptarGroup in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $85.38.

WARNING: “AptarGroup, Inc. (ATR) Shares Bought by Oppenheimer & Co. Inc.” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/24/aptargroup-inc-atr-shares-bought-by-oppenheimer-co-inc.html.

About AptarGroup

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.

Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR).

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply