Cox Capital Mgt LLC Lowers Holdings in AptarGroup, Inc. (NYSE:ATR)

Cox Capital Mgt LLC trimmed its position in AptarGroup, Inc. (NYSE:ATRFree Report) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,666 shares of the industrial products company’s stock after selling 909 shares during the period. AptarGroup makes up about 1.7% of Cox Capital Mgt LLC’s holdings, making the stock its 26th biggest position. Cox Capital Mgt LLC’s holdings in AptarGroup were worth $2,686,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of AptarGroup during the 4th quarter worth $89,855,000. Morgan Stanley raised its stake in AptarGroup by 10.0% in the 3rd quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company’s stock valued at $576,242,000 after purchasing an additional 420,457 shares during the last quarter. FMR LLC raised its stake in AptarGroup by 19.7% in the 3rd quarter. FMR LLC now owns 1,371,141 shares of the industrial products company’s stock valued at $171,447,000 after purchasing an additional 225,296 shares during the last quarter. Schroder Investment Management Group raised its stake in AptarGroup by 93.1% in the 4th quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company’s stock valued at $36,569,000 after purchasing an additional 142,623 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in AptarGroup by 2,351.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 144,547 shares of the industrial products company’s stock valued at $18,074,000 after purchasing an additional 138,650 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at $1,360,799.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other AptarGroup news, insider Hedi Tlili sold 4,634 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $145.09, for a total value of $672,347.06. Following the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at $1,360,799.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kimberly Chainey sold 825 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the sale, the executive vice president now directly owns 8,812 shares in the company, valued at $1,293,337.24. The disclosure for this sale can be found here. Insiders have sold 8,659 shares of company stock valued at $1,269,976 over the last three months. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ATR. William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, Robert W. Baird lifted their price target on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th.

Check Out Our Latest Report on AptarGroup

AptarGroup Stock Up 0.1 %

NYSE ATR traded up $0.19 on Friday, reaching $146.00. The company had a trading volume of 54,482 shares, compared to its average volume of 299,114. The firm has a market capitalization of $9.67 billion, a PE ratio of 31.28, a P/E/G ratio of 3.12 and a beta of 0.60. AptarGroup, Inc. has a 1 year low of $111.63 and a 1 year high of $151.73. The firm has a 50-day moving average of $145.45 and a 200-day moving average of $137.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89.

AptarGroup (NYSE:ATRGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.13. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm had revenue of $915.45 million during the quarter, compared to analysts’ expectations of $897.40 million. On average, equities research analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Thursday, April 25th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 35.19%.

About AptarGroup

(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.

See Also

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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