New York State Teachers Retirement System Cuts Position in AptarGroup, Inc. (NYSE:ATR)

New York State Teachers Retirement System decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 4.6% during the second quarter, HoldingsChannel reports. The firm owned 59,926 shares of the industrial products company’s stock after selling 2,900 shares during the period. New York State Teachers Retirement System’s holdings in AptarGroup were worth $8,438,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATR. Rise Advisors LLC bought a new position in shares of AptarGroup during the 1st quarter valued at about $25,000. Global Retirement Partners LLC boosted its stake in AptarGroup by 8,850.0% in the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock worth $26,000 after buying an additional 177 shares in the last quarter. Blue Trust Inc. grew its position in AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares during the last quarter. Gradient Investments LLC bought a new position in AptarGroup during the second quarter valued at approximately $40,000. Finally, Versant Capital Management Inc raised its stake in shares of AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 299 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.

Insider Transactions at AptarGroup

In related news, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the completion of the transaction, the chief financial officer now owns 65,552 shares in the company, valued at $9,844,599.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Robert Kuhn sold 200 shares of AptarGroup stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the sale, the chief financial officer now owns 65,552 shares of the company’s stock, valued at approximately $9,844,599.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the transaction, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,947 shares of company stock worth $6,322,828. 1.00% of the stock is currently owned by insiders.

AptarGroup Trading Up 1.0 %

Shares of ATR opened at $150.44 on Friday. The stock has a market capitalization of $9.97 billion, a P/E ratio of 32.28, a PEG ratio of 3.03 and a beta of 0.57. AptarGroup, Inc. has a twelve month low of $120.36 and a twelve month high of $151.73. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $144.70 and a two-hundred day simple moving average of $143.51.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. AptarGroup’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. On average, research analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a $0.45 dividend. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Robert W. Baird upped their price target on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a report on Monday, April 29th.

About AptarGroup

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.