GAMMA Investing LLC Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

GAMMA Investing LLC purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 467 shares of the industrial products company’s stock, valued at approximately $61,000.

Other large investors have also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. boosted its holdings in AptarGroup by 1,063.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 319 shares during the last quarter. Adirondack Trust Co. bought a new stake in shares of AptarGroup in the third quarter worth $50,000. CWM LLC increased its position in AptarGroup by 39.0% during the third quarter. CWM LLC now owns 467 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 131 shares during the last quarter. Signaturefd LLC lifted its holdings in AptarGroup by 41.8% in the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 206 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in AptarGroup by 117.7% in the third quarter. Clearstead Advisors LLC now owns 751 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 406 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATR shares. William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday. Wells Fargo & Company upped their target price on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a report on Monday. Finally, Robert W. Baird lifted their price target on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday.

AptarGroup Stock Up 0.7 %

NYSE ATR opened at $145.34 on Thursday. AptarGroup, Inc. has a 52 week low of $111.63 and a 52 week high of $148.51. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.63 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 3.95 and a beta of 0.59. The stock’s 50-day moving average price is $141.35 and its 200-day moving average price is $132.53.

AptarGroup (NYSE:ATR) last released its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The company had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. On average, equities research analysts predict that AptarGroup, Inc. will post 5.3 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.13%. AptarGroup’s dividend payout ratio is presently 35.19%.

Insider Buying and Selling at AptarGroup

In related news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the transaction, the insider now directly owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total transaction of $672,347.06. Following the completion of the sale, the insider now directly owns 9,379 shares in the company, valued at $1,360,799.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gael Touya sold 3,500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the transaction, the insider now owns 33,426 shares in the company, valued at $4,774,569.84. The disclosure for this sale can be found here. Insiders have sold 42,134 shares of company stock worth $5,990,627 over the last quarter. Insiders own 1.00% of the company’s stock.

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 Aptar Pharma, Aptar Beauty, and Aptar Closures segments.