Retirement Systems of Alabama Sells 1,113 Shares of AptarGroup, Inc. (NYSE:ATR)

Retirement Systems of Alabama reduced its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 176,686 shares of the industrial products company’s stock after selling 1,113 shares during the quarter. Retirement Systems of Alabama owned 0.27% of AptarGroup worth $24,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ATR. Norges Bank bought a new stake in shares of AptarGroup during the 4th quarter worth $89,855,000. Schroder Investment Management Group lifted its position in shares of AptarGroup by 93.1% during the 4th quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company’s stock worth $36,569,000 after buying an additional 142,623 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AptarGroup by 369.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 156,472 shares of the industrial products company’s stock worth $22,515,000 after buying an additional 123,161 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of AptarGroup by 3,141.5% during the 4th quarter. Bank of Nova Scotia now owns 109,983 shares of the industrial products company’s stock worth $13,596,000 after buying an additional 106,590 shares during the last quarter. Finally, Perbak Capital Partners LLP bought a new stake in shares of AptarGroup during the 1st quarter worth $6,791,000. 88.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the transaction, the executive vice president now owns 8,812 shares in the company, valued at approximately $1,293,337.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of AptarGroup stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $146.77, for a total value of $121,085.25. Following the sale, the executive vice president now owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Kuhn sold 200 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $150.18, for a total transaction of $30,036.00. Following the completion of the transaction, the chief financial officer now owns 65,552 shares in the company, valued at $9,844,599.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,947 shares of company stock worth $6,322,828. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ATR shares. William Blair upgraded AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th. Robert W. Baird increased their target price on AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company increased their target price on AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th.

AptarGroup Trading Up 1.0 %

AptarGroup stock traded up $1.45 during trading hours on Friday, hitting $150.44. The stock had a trading volume of 221,443 shares, compared to its average volume of 297,378. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 3.03 and a beta of 0.57. The business’s 50 day simple moving average is $144.70 and its 200-day simple moving average is $143.42. 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, Inc. has a one year low of $120.36 and a one year high of $151.73.

AptarGroup (NYSE:ATR) last posted its 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 return on equity of 15.13% and a net margin of 9.00%. The company had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. During the same quarter last year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts predict that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The business 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. 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. AptarGroup’s dividend payout ratio (DPR) is currently 38.63%.

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.