AptarGroup, Inc. (NYSE:ATR) Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,941 shares of the industrial products company’s stock after selling 1,393 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of AptarGroup worth $5,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of AptarGroup by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 141,500 shares of the industrial products company’s stock valued at $19,925,000 after acquiring an additional 9,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in AptarGroup by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,617 shares of the industrial products company’s stock valued at $100,917,000 after purchasing an additional 64,288 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of AptarGroup in the second quarter valued at $17,263,000. Angeles Investment Advisors LLC acquired a new stake in shares of AptarGroup in the second quarter worth $223,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of AptarGroup by 22.6% in the second quarter. Brown Brothers Harriman & Co. now owns 193,967 shares of the industrial products company’s stock worth $27,312,000 after buying an additional 35,802 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Buying and Selling

In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 $2,956,701.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Xiangwei Gong sold 800 shares of AptarGroup stock in a transaction on Wednesday, August 7th. The shares were 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 owns 20,174 shares of the company’s stock, valued at approximately $2,956,701.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hedi Tlili sold 1,375 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.54, for a total transaction of $209,742.50. Following the transaction, the insider now directly owns 9,379 shares in the company, valued at $1,430,672.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,457 shares of company stock worth $7,314,030. Insiders own 1.00% of the company’s stock.

AptarGroup Stock Down 0.6 %

AptarGroup stock opened at $155.91 on Friday. AptarGroup, Inc. has a twelve month low of $120.36 and a twelve month high of $158.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.36. The firm has a market cap of $10.33 billion, a PE ratio of 33.46, a P/E/G ratio of 3.11 and a beta of 0.57. The firm’s 50 day moving average price is $148.33 and its two-hundred day moving average price is $145.39.

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

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a $0.45 dividend. This is a boost from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, July 25th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. AptarGroup’s payout ratio is presently 38.63%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price objective on AptarGroup from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th.

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.