Palisade Capital Management LLC NJ Acquires New Stake in AptarGroup, Inc. (NYSE:ATR)

Palisade Capital Management LLC NJ acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATRGet Rating) during the first quarter, Holdings Channel reports. The firm acquired 2,600 shares of the industrial products company’s stock, valued at approximately $305,000.

A number of other hedge funds have also made changes to their positions in ATR. Rivulet Capital LLC increased its stake in shares of AptarGroup by 55.5% during the fourth quarter. Rivulet Capital LLC now owns 1,860,400 shares of the industrial products company’s stock valued at $227,862,000 after acquiring an additional 663,700 shares during the period. First Trust Advisors LP increased its stake in shares of AptarGroup by 1,118.0% during the fourth quarter. First Trust Advisors LP now owns 610,737 shares of the industrial products company’s stock valued at $74,803,000 after acquiring an additional 560,593 shares during the period. Boston Trust Walden Corp grew its position in AptarGroup by 47.6% in the first quarter. Boston Trust Walden Corp now owns 1,159,213 shares of the industrial products company’s stock worth $136,207,000 after buying an additional 373,861 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in AptarGroup in the fourth quarter worth approximately $30,620,000. Finally, Victory Capital Management Inc. grew its position in AptarGroup by 17.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,612,912 shares of the industrial products company’s stock worth $197,548,000 after buying an additional 244,402 shares during the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

AptarGroup Trading Down 0.7 %

AptarGroup stock opened at $105.65 on Friday. The company has a 50 day moving average price of $103.43 and a 200 day moving average price of $110.83. AptarGroup, Inc. has a 52 week low of $94.03 and a 52 week high of $136.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.90. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 3.93 and a beta of 0.62.

AptarGroup (NYSE:ATRGet Rating) last issued its earnings results on Thursday, July 28th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.96. The company had revenue of $844.54 million during the quarter, compared to analyst estimates of $827.18 million. AptarGroup had a net margin of 6.94% and a return on equity of 12.87%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Research analysts forecast that AptarGroup, Inc. will post 3.87 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, July 27th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, July 26th. AptarGroup’s dividend payout ratio (DPR) is currently 44.31%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Gael Touya sold 59,072 shares of AptarGroup stock in a transaction on Monday, June 6th. The shares were sold at an average price of $108.98, for a total transaction of $6,437,666.56. Following the completion of the sale, the insider now owns 38,876 shares of the company’s stock, valued at approximately $4,236,706.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of AptarGroup from $145.00 to $125.00 in a research report on Tuesday, July 19th. TheStreet lowered shares of AptarGroup from a “b-” rating to a “c+” rating in a research report on Thursday, June 16th. Robert W. Baird decreased their price target on shares of AptarGroup from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, August 1st. Wells Fargo & Company decreased their price target on shares of AptarGroup from $150.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Finally, Morgan Stanley decreased their price target on shares of AptarGroup from $126.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $120.00.

AptarGroup Profile

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AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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