AptarGroup, Inc. (ATR) Shares Sold by Huntington National Bank

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Huntington National Bank trimmed its stake in AptarGroup, Inc. (NYSE:ATR) by 6.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,699 shares of the industrial products company’s stock after selling 117 shares during the quarter. Huntington National Bank’s holdings in AptarGroup were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ffcm LLC purchased a new stake in shares of AptarGroup in the fourth quarter worth approximately $25,000. Pearl River Capital LLC purchased a new stake in shares of AptarGroup in the fourth quarter worth approximately $26,000. Quantamental Technologies LLC bought a new position in AptarGroup during the fourth quarter valued at approximately $37,000. NumerixS Investment Technologies Inc bought a new position in AptarGroup during the fourth quarter valued at approximately $83,000. Finally, Eversept Partners LP bought a new position in AptarGroup during the fourth quarter valued at approximately $103,000. 91.26% of the stock is owned by institutional investors and hedge funds.

In other AptarGroup news, Director Stephen J. Hagge sold 3,634 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $101.28, for a total transaction of $368,051.52. Following the transaction, the director now owns 70,671 shares in the company, valued at $7,157,558.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Shares of ATR stock opened at $110.31 on Monday. AptarGroup, Inc. has a 12 month low of $88.26 and a 12 month high of $112.31. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.38 and a current ratio of 1.93. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 2.50 and a beta of 0.81.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. AptarGroup had a return on equity of 18.66% and a net margin of 7.04%. The company had revenue of $685.03 million for the quarter, compared to the consensus estimate of $668.21 million. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 4.24 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on ATR shares. Vertical Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Zacks Investment Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Bank of America reaffirmed an “underperform” rating and set a $100.00 price objective (up previously from $87.00) on shares of AptarGroup in a research report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of AptarGroup in a research report on Thursday, February 21st. Finally, Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $105.78.

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About AptarGroup

AptarGroup, Inc provides a range of packaging, dispensing, and sealing 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: Beauty + Home, Pharma, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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