Amalgamated Bank Sells 2,528 Shares of AptarGroup, Inc. (NYSE:ATR)

Amalgamated Bank reduced its stake in AptarGroup, Inc. (NYSE:ATR) by 7.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 33,517 shares of the industrial products company’s stock after selling 2,528 shares during the quarter. Amalgamated Bank’s holdings in AptarGroup were worth $4,720,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ATR. Norges Bank bought a new stake in shares of AptarGroup in the 4th quarter valued at approximately $89,855,000. UBS Group AG grew its stake in shares of AptarGroup by 9.6% in the 4th quarter. UBS Group AG now owns 58,423 shares of the industrial products company’s stock valued at $7,222,000 after purchasing an additional 5,110 shares during the period. Wells Fargo & Company MN grew its stake in shares of AptarGroup by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 109,060 shares of the industrial products company’s stock valued at $13,482,000 after purchasing an additional 5,295 shares during the period. Trexquant Investment LP grew its stake in shares of AptarGroup by 365.4% in the 4th quarter. Trexquant Investment LP now owns 16,967 shares of the industrial products company’s stock valued at $2,097,000 after purchasing an additional 13,321 shares during the period. Finally, US Bancorp DE grew its stake in shares of AptarGroup by 1.7% in the 4th quarter. US Bancorp DE now owns 16,572 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 280 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

AptarGroup Stock Down 0.6 %

Shares of ATR opened at $155.91 on Friday. The company has a market capitalization of $10.33 billion, a P/E ratio of 33.46, a PEG ratio of 3.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 0.95. AptarGroup, Inc. has a one year low of $120.36 and a one year high of $158.80. The business’s 50 day simple moving average is $148.33 and its 200-day simple moving average is $145.41.

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

AptarGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $1.80 annualized dividend and a yield of 1.15%. AptarGroup’s dividend payout ratio is currently 38.63%.

Insiders Place Their Bets

In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other AptarGroup news, insider Xiangwei Gong sold 800 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.56, for a total transaction 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $147.56, for a total value of $4,721,920.00. Following the transaction, the chief executive officer now directly 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 quarter, insiders have sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is currently owned by corporate insiders.

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.