TD Asset Management Inc Reduces Position in AptarGroup, Inc. (NYSE:ATR)

TD Asset Management Inc cut its position in AptarGroup, Inc. (NYSE:ATR) by 21.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,266 shares of the industrial products company’s stock after selling 14,161 shares during the period. TD Asset Management Inc owned 0.08% of AptarGroup worth $6,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its position in shares of AptarGroup by 10.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,393 shares of the industrial products company’s stock valued at $1,221,000 after buying an additional 970 shares during the last quarter. HighTower Advisors LLC grew its position in shares of AptarGroup by 6.3% in the 1st quarter. HighTower Advisors LLC now owns 6,976 shares of the industrial products company’s stock valued at $820,000 after buying an additional 416 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of AptarGroup by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,547 shares of the industrial products company’s stock valued at $4,539,000 after buying an additional 3,125 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of AptarGroup by 7.1% in the 1st quarter. Raymond James Trust N.A. now owns 4,632 shares of the industrial products company’s stock valued at $545,000 after buying an additional 308 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of AptarGroup by 0.4% in the 1st quarter. Sei Investments Co. now owns 122,797 shares of the industrial products company’s stock valued at $14,429,000 after buying an additional 484 shares during the last quarter. 88.61% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Down 0.5 %

Shares of NYSE:ATR opened at $127.32 on Tuesday. The stock has a market cap of $8.38 billion, a P/E ratio of 30.24, a P/E/G ratio of 3.90 and a beta of 0.62. The firm has a fifty day moving average price of $124.93 and a 200 day moving average price of $121.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 0.82. AptarGroup, Inc. has a 1-year low of $101.50 and a 1-year high of $133.79.

AptarGroup (NYSE:ATR) last released its earnings results on Wednesday, October 25th. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.28 by $0.11. AptarGroup had a net margin of 8.16% and a return on equity of 13.94%. The company had revenue of $893.00 million during the quarter, compared to analysts’ expectations of $889.92 million. Sell-side analysts predict that AptarGroup, Inc. will post 4.68 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, October 26th were issued a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, October 25th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.29%. AptarGroup’s dividend payout ratio is presently 38.95%.

Insider Activity

In other news, insider Hedi Tlili sold 2,989 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $125.23, for a total value of $374,312.47. Following the completion of the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,174,532.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AptarGroup news, Director George L. Fotiades sold 9,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $128.46, for a total transaction of $1,220,370.00. Following the completion of the transaction, the director now directly owns 4,962 shares in the company, valued at approximately $637,418.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 2,989 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $125.23, for a total transaction of $374,312.47. Following the transaction, the insider now owns 9,379 shares of the company’s stock, valued at $1,174,532.17. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ATR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of AptarGroup from $140.00 to $152.00 and gave the company an “overweight” rating in a research report on Monday, September 11th. StockNews.com assumed coverage on shares of AptarGroup in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.00.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through three segments: Aptar Pharma, Aptar Beauty, and Aptar Closures.