Duality Advisers LP Purchases Shares of 5,936 AptarGroup, Inc. (NYSE:ATR)

Duality Advisers LP purchased a new stake in AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,936 shares of the industrial products company’s stock, valued at approximately $734,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. raised its stake in AptarGroup by 1,063.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after buying an additional 319 shares in the last quarter. Adirondack Trust Co. acquired a new stake in AptarGroup in the third quarter valued at $50,000. CWM LLC raised its stake in AptarGroup by 39.0% in the third quarter. CWM LLC now owns 467 shares of the industrial products company’s stock valued at $58,000 after buying an additional 131 shares in the last quarter. Signaturefd LLC raised its stake in AptarGroup by 41.8% in the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock valued at $86,000 after buying an additional 206 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in AptarGroup by 117.7% in the third quarter. Clearstead Advisors LLC now owns 751 shares of the industrial products company’s stock valued at $94,000 after buying an additional 406 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AptarGroup news, 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 sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the sale, the insider now directly owns 33,426 shares in the company, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock worth $5,318,280 in the last quarter. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Down 0.1 %

ATR opened at $140.01 on Thursday. The business’s 50-day simple moving average is $140.75 and its 200-day simple moving average is $131.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. AptarGroup, Inc. has a one year low of $111.63 and a one year high of $145.35. The stock has a market capitalization of $9.26 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 3.85 and a beta of 0.59.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The firm had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Analysts anticipate that AptarGroup, Inc. will post 5.21 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is presently 38.59%.

Analyst Upgrades and Downgrades

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

AptarGroup 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.