New York Life Investment Management LLC Makes New $848,000 Investment in AptarGroup, Inc. (NYSE:ATR)

New York Life Investment Management LLC purchased a new stake in AptarGroup, Inc. (NYSE:ATR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,856 shares of the industrial products company’s stock, valued at approximately $848,000.

Other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management raised its holdings in AptarGroup by 9.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System raised its stake in AptarGroup by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after purchasing an additional 100 shares in the last quarter. Fulton Bank N.A. lifted its position in AptarGroup by 4.9% during the fourth quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 105 shares during the period. Ballentine Partners LLC grew its stake in AptarGroup by 4.1% during the fourth quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock worth $352,000 after buying an additional 111 shares in the last quarter. Finally, ICW Investment Advisors LLC increased its holdings in AptarGroup by 1.6% in the 4th quarter. ICW Investment Advisors LLC now owns 7,891 shares of the industrial products company’s stock valued at $975,000 after buying an additional 127 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ATR has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Robert W. Baird upped their price objective on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th.

AptarGroup Stock Performance

NYSE ATR opened at $150.79 on Thursday. The firm’s fifty day moving average price is $142.09 and its two-hundred day moving average price is $133.32. The stock has a market cap of $9.99 billion, a PE ratio of 32.36, a PEG ratio of 3.93 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $150.87.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. AptarGroup’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. On average, equities analysts expect that AptarGroup, Inc. will post 5.34 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 35.19%.

Insider Buying and Selling

In other news, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total transaction of $476,544.00. Following the completion of the transaction, the insider now owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Marc Prieur sold 3,200 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the completion of the sale, the insider now owns 16,616 shares of the company’s stock, valued at $2,474,454.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now directly owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold a total of 45,334 shares of company stock worth $6,467,171 in the last ninety days. Company 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.