SG Americas Securities LLC Sells 14,565 Shares of AptarGroup, Inc. (NYSE:ATR)

SG Americas Securities LLC decreased its stake in AptarGroup, Inc. (NYSE:ATR) by 75.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,860 shares of the industrial products company’s stock after selling 14,565 shares during the quarter. SG Americas Securities LLC’s holdings in AptarGroup were worth $779,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Mawer Investment Management Ltd. grew its stake in AptarGroup by 111.0% during the second quarter. Mawer Investment Management Ltd. now owns 1,075,168 shares of the industrial products company’s stock valued at $151,394,000 after acquiring an additional 565,511 shares in the last quarter. American Century Companies Inc. raised its holdings in AptarGroup by 35.9% in the 2nd quarter. American Century Companies Inc. now owns 805,301 shares of the industrial products company’s stock worth $113,395,000 after purchasing an additional 212,886 shares in the last quarter. Millennium Management LLC raised its holdings in AptarGroup by 36.2% in the 2nd quarter. Millennium Management LLC now owns 519,700 shares of the industrial products company’s stock worth $73,179,000 after purchasing an additional 138,134 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in AptarGroup in the 2nd quarter worth $17,263,000. Finally, Bridges Investment Management Inc. raised its holdings in AptarGroup by 78.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 214,590 shares of the industrial products company’s stock worth $30,216,000 after purchasing an additional 94,013 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their price target 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.

Insider Activity

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, July 29th. The shares were sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at $25,692,852.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 174,118 shares in the company, valued at $25,692,852.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gael Touya sold 3,300 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.62, for a total transaction of $500,346.00. Following the completion of the transaction, the insider now owns 32,165 shares of the company’s stock, valued at $4,876,857.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,457 shares of company stock worth $7,314,030 over the last quarter. Insiders own 1.00% of the company’s stock.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $161.55 on Friday. The firm’s 50 day moving average price is $152.34 and its 200-day moving average price is $147.18. AptarGroup, Inc. has a twelve month low of $120.36 and a twelve month high of $161.92. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $10.70 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.58.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping 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 analysts’ expectations of $930.15 million. During the same quarter last year, the business earned $1.23 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that AptarGroup, Inc. will post 5.36 EPS for the current year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, October 24th. AptarGroup’s payout ratio is currently 38.63%.

AptarGroup announced that its Board of Directors has approved a share buyback plan on Thursday, October 10th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

AptarGroup Company 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.