1,977 Shares in AptarGroup, Inc. (NYSE:ATR) Acquired by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership purchased a new position in shares of AptarGroup, Inc. (NYSE:ATRFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,977 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other large investors have also made changes to their positions in ATR. Morgan Stanley boosted its position in shares of AptarGroup by 866.4% during the 4th quarter. Morgan Stanley now owns 3,913,980 shares of the industrial products company’s stock worth $430,460,000 after acquiring an additional 3,508,965 shares in the last quarter. Norges Bank acquired a new stake in shares of AptarGroup during the 4th quarter worth approximately $59,104,000. State Street Corp boosted its position in shares of AptarGroup by 8.9% during the 1st quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock worth $339,946,000 after acquiring an additional 237,377 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of AptarGroup by 43.8% during the 3rd quarter. Acadian Asset Management LLC now owns 744,836 shares of the industrial products company’s stock worth $93,111,000 after acquiring an additional 226,818 shares in the last quarter. Finally, FMR LLC boosted its position in shares of AptarGroup by 19.7% during the 3rd quarter. FMR LLC now owns 1,371,141 shares of the industrial products company’s stock worth $171,447,000 after acquiring an additional 225,296 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In other news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction on Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the transaction, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,500 shares of company stock worth $5,318,280. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ATR shares. Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and raised their target price for the company from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company raised their target price on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th.

Read Our Latest Stock Analysis on AptarGroup

AptarGroup Price Performance

AptarGroup stock traded down $1.56 during mid-day trading on Tuesday, reaching $140.73. The company had a trading volume of 31,849 shares, compared to its average volume of 306,933. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $145.35. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.31 billion, a P/E ratio of 33.49, a P/E/G ratio of 3.96 and a beta of 0.59. The business has a fifty day simple moving average of $138.36 and a 200 day simple moving average of $130.14.

AptarGroup (NYSE:ATRGet Free Report) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The firm had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. On average, equities research analysts predict that AptarGroup, Inc. will post 5.19 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 1st were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, January 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.17%. AptarGroup’s dividend payout ratio (DPR) is presently 38.59%.

AptarGroup Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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