Picton Mahoney Asset Management Cuts Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Picton Mahoney Asset Management trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR) by 2.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,200 shares of the industrial products company’s stock after selling 400 shares during the period. Picton Mahoney Asset Management’s holdings in AptarGroup were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in AptarGroup in the 4th quarter valued at $116,265,000. FMR LLC grew its stake in AptarGroup by 33.1% in the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after acquiring an additional 617,365 shares during the period. Bank of America Corp DE grew its stake in AptarGroup by 297.2% in the 4th quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock valued at $74,312,000 after acquiring an additional 353,935 shares during the period. Victory Capital Management Inc. grew its stake in AptarGroup by 12.6% in the 1st quarter. Victory Capital Management Inc. now owns 2,219,191 shares of the industrial products company’s stock valued at $329,284,000 after acquiring an additional 247,519 shares during the period. Finally, GAMMA Investing LLC grew its stake in AptarGroup by 20,143.0% in the 1st quarter. GAMMA Investing LLC now owns 202,835 shares of the industrial products company’s stock valued at $300,970,000 after acquiring an additional 201,833 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 1,671 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $152.79, for a total value of $255,312.09. Following the transaction, the executive vice president owned 11,088 shares of the company’s stock, valued at $1,694,135.52. This represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gael Touya sold 3,300 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $152.62, for a total transaction of $503,646.00. Following the completion of the transaction, the insider directly owned 33,963 shares in the company, valued at $5,183,433.06. The trade was a 8.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,680 shares of company stock valued at $6,983,798 in the last three months. 0.68% of the stock is currently owned by corporate insiders.

AptarGroup Trading Down 0.0%

Shares of ATR opened at $158.67 on Wednesday. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average is $156.04 and its two-hundred day moving average is $151.64. The stock has a market cap of $10.48 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 3.16 and a beta of 0.57.

AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.04. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The company had revenue of $887.31 million for the quarter, compared to analysts’ expectations of $894.26 million. During the same quarter in the previous year, the company posted $1.26 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, July 24th. AptarGroup’s dividend payout ratio is currently 32.85%.

Wall Street Analyst Weigh In

ATR has been the topic of a number of research analyst reports. Wall Street Zen raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Raymond James Financial lifted their price target on shares of AptarGroup from $175.00 to $182.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price target on shares of AptarGroup from $170.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $180.60.

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.