Handelsbanken Fonder AB Purchases 347,800 Shares of AptarGroup, Inc. (NYSE:ATR)

Handelsbanken Fonder AB raised its holdings in AptarGroup, Inc. (NYSE:ATR) by 182.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 538,830 shares of the industrial products company’s stock after buying an additional 347,800 shares during the quarter. Handelsbanken Fonder AB owned 0.81% of AptarGroup worth $86,315,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ATR. Canandaigua National Bank & Trust Co. acquired a new stake in shares of AptarGroup during the 3rd quarter valued at about $234,000. Sanctuary Advisors LLC acquired a new stake in AptarGroup during the second quarter valued at approximately $1,087,000. Quarry LP grew its stake in shares of AptarGroup by 77.5% in the 2nd quarter. Quarry LP now owns 735 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 321 shares during the period. Creative Planning raised its holdings in shares of AptarGroup by 13.9% in the 2nd quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock worth $482,000 after buying an additional 417 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of AptarGroup by 40.4% in the 2nd quarter. Algert Global LLC now owns 23,154 shares of the industrial products company’s stock worth $3,260,000 after buying an additional 6,664 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

AptarGroup stock traded up $1.64 during trading hours on Friday, hitting $160.58. 350,508 shares of the stock were exchanged, compared to its average volume of 292,684. The stock has a market capitalization of $10.64 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.21 and a beta of 0.58. The business’s 50-day moving average is $151.04 and its two-hundred day moving average is $146.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. AptarGroup, Inc. has a 12 month low of $120.36 and a 12 month high of $161.55.

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

AptarGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup’s dividend payout ratio is presently 38.63%.

Insider Activity

In other news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total value of $117,248.00. Following the completion of the sale, the insider now directly owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Xiangwei Gong sold 800 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.56, for a total value of $117,248.00. Following the transaction, the insider now owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, July 29th. The stock was sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at $25,692,852.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,457 shares of company stock valued at $7,314,030 over the last three months. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price target on AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th.

AptarGroup Company 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.