AptarGroup, Inc. (NYSE:ATR) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co lifted its stake in AptarGroup, Inc. (NYSE:ATR) by 32.8% in the fourth quarter, HoldingsChannel reports. The fund owned 3,013 shares of the industrial products company’s stock after purchasing an additional 745 shares during the quarter. Fiduciary Trust Co’s holdings in AptarGroup were worth $473,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of AptarGroup by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after acquiring an additional 58,777 shares during the period. FMR LLC lifted its stake in shares of AptarGroup by 33.1% in the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after acquiring an additional 617,365 shares during the period. Geode Capital Management LLC lifted its stake in shares of AptarGroup by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company’s stock worth $248,570,000 after acquiring an additional 40,268 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of AptarGroup by 4.4% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company’s stock worth $189,895,000 after acquiring an additional 50,651 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of AptarGroup by 10.7% in the 4th quarter. Northern Trust Corp now owns 1,116,612 shares of the industrial products company’s stock worth $175,420,000 after acquiring an additional 108,321 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Shiela Vinczeller sold 995 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total value of $151,657.90. Following the completion of the transaction, the insider now owns 26,301 shares of the company’s stock, valued at approximately $4,008,798.42. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephan B. Tanda sold 11,329 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $152.39, for a total transaction of $1,726,426.31. Following the completion of the transaction, the chief executive officer now directly owns 204,986 shares of the company’s stock, valued at $31,237,816.54. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,095 shares of company stock valued at $4,565,770. Company insiders own 0.68% of the company’s stock.

AptarGroup Trading Down 0.0%

Shares of NYSE:ATR opened at $153.30 on Monday. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The company has a 50 day moving average price of $146.85 and a 200 day moving average price of $155.64.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. The firm had revenue of $887.31 million during the quarter, compared to analysts’ expectations of $894.26 million. During the same period last year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup’s dividend payout ratio is 32.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ATR shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $170.00 price target (up from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. StockNews.com upgraded shares of AptarGroup from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Raymond James reduced their target price on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Finally, Robert W. Baird reduced their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AptarGroup presently has a consensus rating of “Buy” and an average target price of $178.60.

AptarGroup Company Profile

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 Aptar Pharma, Aptar Beauty, and Aptar Closures segments.