ETF Managers Group LLC Acquires 157 Shares of AptarGroup, Inc. (ATR)

ETF Managers Group LLC lifted its position in AptarGroup, Inc. (NYSE:ATR) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,609 shares of the industrial products company’s stock after buying an additional 157 shares during the period. ETF Managers Group LLC’s holdings in AptarGroup were worth $171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATR. Ffcm LLC bought a new position in shares of AptarGroup in the fourth quarter worth approximately $25,000. Pearl River Capital LLC bought a new position in shares of AptarGroup in the fourth quarter worth approximately $26,000. Quantamental Technologies LLC bought a new position in shares of AptarGroup in the fourth quarter worth approximately $37,000. Ellis Investment Partners LLC bought a new position in shares of AptarGroup in the first quarter worth approximately $77,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of AptarGroup in the fourth quarter worth approximately $83,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Shares of AptarGroup stock opened at $112.96 on Friday. The company has a market cap of $7.17 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.53 and a beta of 0.81. AptarGroup, Inc. has a twelve month low of $88.26 and a twelve month high of $115.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.51 and a current ratio of 2.13.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.09. The company had revenue of $744.46 million for the quarter, compared to the consensus estimate of $743.68 million. AptarGroup had a net margin of 7.07% and a return on equity of 18.90%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, research analysts anticipate that AptarGroup, Inc. will post 4.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 1st were given a dividend of $0.36 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, April 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.27%. AptarGroup’s dividend payout ratio is 36.00%.

ATR has been the topic of several analyst reports. Bank of America reiterated an “underperform” rating and issued a $100.00 target price (up previously from $87.00) on shares of AptarGroup in a research note on Friday, April 5th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, February 22nd. William Blair reiterated an “outperform” rating on shares of AptarGroup in a research note on Thursday, February 21st. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. AptarGroup currently has a consensus rating of “Hold” and an average price target of $107.75.

In other AptarGroup news, insider Eldon W. Schaffer II sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $113.80, for a total value of $2,276,000.00. Following the transaction, the insider now directly owns 65,115 shares in the company, valued at $7,410,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Kuhn sold 5,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $113.35, for a total transaction of $566,750.00. Following the completion of the transaction, the chief financial officer now owns 62,871 shares in the company, valued at $7,126,427.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,634 shares of company stock worth $3,210,802. 3.00% of the stock is owned by insiders.

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AptarGroup Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.

Further Reading: Systematic Risk and Investors

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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