Sei Investments Co. Purchases 3,826 Shares of AptarGroup, Inc. (NYSE:ATR)

Sei Investments Co. boosted its position in AptarGroup, Inc. (NYSE:ATR) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,934 shares of the industrial products company’s stock after acquiring an additional 3,826 shares during the period. Sei Investments Co. owned 0.15% of AptarGroup worth $13,931,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of AptarGroup by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 2,361 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 82 shares in the last quarter. Argent Trust Co lifted its stake in shares of AptarGroup by 6.1% in the second quarter. Argent Trust Co now owns 1,685 shares of the industrial products company’s stock valued at $237,000 after buying an additional 97 shares in the last quarter. Adirondack Trust Co. grew its holdings in shares of 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 during the last quarter. Delaney Dennis R increased its position in shares of AptarGroup by 0.3% during the second quarter. Delaney Dennis R now owns 45,774 shares of the industrial products company’s stock worth $6,445,000 after acquiring an additional 125 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of AptarGroup by 1.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,002 shares of the industrial products company’s stock worth $1,583,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Activity at AptarGroup

In other AptarGroup news, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares of the company’s stock, valued at $4,876,857.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AptarGroup news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the sale, the insider now owns 32,165 shares of the company’s stock, valued at $4,876,857.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hedi Tlili sold 1,375 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 of the company’s stock, valued at $1,430,672.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,457 shares of company stock valued at $7,314,030. 1.00% of the stock is owned by insiders.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $159.89 on Friday. 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 stock has a market cap of $10.59 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The stock’s fifty day simple moving average is $149.31 and its two-hundred day simple moving average is $145.77. AptarGroup, Inc. has a 1-year low of $120.36 and a 1-year high of $161.55.

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

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. AptarGroup’s dividend payout ratio is currently 38.63%.

Analyst Upgrades and Downgrades

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

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.