First Financial Bank Trust Division Has $3.43 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

First Financial Bank Trust Division lessened its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 21,400 shares of the industrial products company’s stock after selling 249 shares during the quarter. First Financial Bank Trust Division’s holdings in AptarGroup were worth $3,428,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ATR. Rise Advisors LLC acquired a new position in shares of AptarGroup during the first quarter worth $25,000. Blue Trust Inc. lifted its holdings in shares of AptarGroup by 281.0% during the second quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares during the period. Gradient Investments LLC acquired a new position in shares of AptarGroup during the second quarter worth $40,000. Versant Capital Management Inc lifted its holdings in shares of AptarGroup by 4,983.3% during the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 299 shares during the period. Finally, Mather Group LLC. bought a new position in AptarGroup during the first quarter worth $52,000. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Activity at AptarGroup

In related news, insider Gael Touya sold 3,300 shares of AptarGroup stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the transaction, the insider now directly owns 32,165 shares in the company, valued at approximately $4,876,857.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Gael Touya sold 3,300 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.62, for a total value of $500,346.00. Following the completion of the transaction, the insider now directly owns 32,165 shares in the company, valued at $4,876,857.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hedi Tlili sold 1,375 shares of the firm’s 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 completion of 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. In the last ninety days, insiders have sold 49,457 shares of company stock worth $7,314,030. 1.00% of the stock is owned by corporate insiders.

AptarGroup Stock Down 0.8 %

Shares of NYSE ATR opened at $158.75 on Thursday. AptarGroup, Inc. has a 1 year low of $120.36 and a 1 year high of $161.55. The stock has a market capitalization of $10.52 billion, a P/E ratio of 34.07, a P/E/G ratio of 3.21 and a beta of 0.57. The company has a 50-day moving average price of $150.42 and a 200-day moving average price of $146.30. 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 (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a return on equity of 15.13% and a net margin of 9.00%. The firm had revenue of $910.10 million for the quarter, compared to analysts’ expectations of $930.15 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a $0.45 dividend. 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%. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. AptarGroup’s payout ratio is 38.63%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price target on shares of AptarGroup from $163.00 to $168.00 and gave the company 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.