Creative Planning Grows Holdings in AptarGroup, Inc. (NYSE:ATR)

Creative Planning lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 13.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,422 shares of the industrial products company’s stock after buying an additional 417 shares during the period. Creative Planning’s holdings in AptarGroup were worth $482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATR. Fifth Third Bancorp grew its stake in shares of AptarGroup by 3.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock valued at $332,000 after buying an additional 82 shares during the period. Argent Trust Co grew its holdings in shares of AptarGroup by 6.1% during the 2nd quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 97 shares during the period. Adirondack Trust Co. lifted its position in AptarGroup by 25.0% during the second quarter. Adirondack Trust Co. now owns 500 shares of the industrial products company’s stock valued at $70,000 after buying an additional 100 shares in the last quarter. Delaney Dennis R raised its stake in shares of AptarGroup by 0.3% in the 2nd quarter. Delaney Dennis R now owns 45,774 shares of the industrial products company’s stock valued at $6,445,000 after acquiring an additional 125 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of AptarGroup by 1.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,002 shares of the industrial products company’s stock valued at $1,583,000 after acquiring an additional 167 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now owns 174,118 shares in the company, valued at approximately $25,692,852.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 20,174 shares in the company, valued at approximately $2,956,701.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,457 shares of company stock worth $7,314,030. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

Shares of NYSE ATR opened at $168.72 on Wednesday. The stock has a 50 day simple moving average of $153.35 and a 200-day simple moving average of $147.57. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.18 billion, a PE ratio of 36.21, a P/E/G ratio of 3.29 and a beta of 0.58. AptarGroup, Inc. has a 12-month low of $120.36 and a 12-month high of $169.65.

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

AptarGroup announced that its Board of Directors has authorized a share buyback program on Thursday, October 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s dividend payout ratio (DPR) is presently 38.63%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and upped their price target for the stock from $155.00 to $215.00 in a report on Monday. Wells Fargo & Company raised their price objective on AptarGroup from $168.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday.

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.