Millennium Management LLC Raises Holdings in AptarGroup, Inc. (NYSE:ATR)

Millennium Management LLC boosted its position in AptarGroup, Inc. (NYSE:ATR) by 36.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 519,700 shares of the industrial products company’s stock after acquiring an additional 138,134 shares during the period. Millennium Management LLC owned about 0.78% of AptarGroup worth $73,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in AptarGroup in the 1st quarter worth approximately $25,000. Blue Trust Inc. grew its stake in AptarGroup by 281.0% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 177 shares during the period. Gradient Investments LLC purchased a new stake in AptarGroup in the 2nd quarter worth approximately $40,000. Versant Capital Management Inc grew its stake in AptarGroup by 4,983.3% in the 2nd quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 299 shares during the period. Finally, Mather Group LLC. purchased a new stake in AptarGroup in the 1st quarter worth approximately $52,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AptarGroup

In related news, insider Hedi Tlili sold 1,375 shares of AptarGroup stock in a transaction 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 owns 9,379 shares in the company, valued at approximately $1,430,672.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AptarGroup news, CFO Robert Kuhn sold 200 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total value of $30,036.00. Following the transaction, the chief financial officer now owns 65,552 shares in the company, valued at approximately $9,844,599.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hedi Tlili sold 1,375 shares of the business’s 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 completion of the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,430,672.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,457 shares of company stock worth $7,314,030. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Stock Up 1.0 %

Shares of NYSE ATR opened at $159.89 on Monday. AptarGroup, Inc. has a 52-week low of $120.36 and a 52-week high of $161.55. The firm has a fifty day moving average of $149.58 and a 200-day moving average of $145.91. The stock has a market capitalization of $10.59 billion, a PE ratio of 34.31, a P/E/G ratio of 3.21 and a beta of 0.57. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28.

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, 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 company had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $930.15 million. During the same period in the previous year, the company earned $1.23 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were issued a dividend of $0.45 per share. 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. This represents a $1.80 annualized dividend and a dividend yield of 1.13%. AptarGroup’s payout ratio is presently 38.63%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their target price on shares of 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.