Arizona State Retirement System Buys 400 Shares of AptarGroup, Inc. (ATR)

Arizona State Retirement System increased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,300 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Arizona State Retirement System’s holdings in AptarGroup were worth $2,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Wetherby Asset Management Inc. raised its position in AptarGroup by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 7,493 shares of the industrial products company’s stock worth $577,000 after buying an additional 25 shares during the period. Mycio Wealth Partners LLC raised its position in AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock worth $478,000 after buying an additional 26 shares during the period. Opus Capital Group LLC raised its position in AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock worth $391,000 after buying an additional 30 shares during the period. Toronto Dominion Bank raised its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock worth $274,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Shares of AptarGroup, Inc. (NYSE:ATR) opened at 82.15 on Friday. The stock has a market capitalization of $5.15 billion, a P/E ratio of 24.16 and a beta of 0.96. The firm’s 50-day moving average price is $85.74 and its 200-day moving average price is $81.00. AptarGroup, Inc. has a one year low of $70.32 and a one year high of $90.79.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The company’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Equities research analysts anticipate that AptarGroup, Inc. will post $3.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, July 26th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. AptarGroup’s dividend payout ratio is presently 37.54%.

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A number of research analysts recently issued reports on the company. BidaskClub lowered AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $77.00 target price on shares of AptarGroup in a report on Thursday, June 8th. Vertical Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. Finally, KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $81.83.

In other news, Director King W. Harris sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $85.43, for a total transaction of $1,196,020.00. Following the completion of the sale, the director now directly owns 189,974 shares in the company, valued at $16,229,478.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Salim Haffar sold 16,667 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $82.83, for a total value of $1,380,527.61. Following the sale, the insider now owns 38,093 shares of the company’s stock, valued at $3,155,243.19. The disclosure for this sale can be found here. Insiders have sold 90,667 shares of company stock valued at $7,569,548 over the last 90 days. Insiders own 5.30% of the company’s stock.

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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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