Mitsubishi UFJ Trust & Banking Corp Sells 1,246 Shares of AptarGroup, Inc. (NYSE:ATR)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of AptarGroup, Inc. (NYSE:ATRGet Rating) by 49.6% in the second quarter, HoldingsChannel.com reports. The fund owned 1,268 shares of the industrial products company’s stock after selling 1,246 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in AptarGroup were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ATR. ICW Investment Advisors LLC raised its stake in AptarGroup by 1.7% in the first quarter. ICW Investment Advisors LLC now owns 6,139 shares of the industrial products company’s stock valued at $721,000 after purchasing an additional 101 shares in the last quarter. M&T Bank Corp raised its position in shares of AptarGroup by 3.1% during the 1st quarter. M&T Bank Corp now owns 3,466 shares of the industrial products company’s stock valued at $406,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of AptarGroup by 2.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 5,227 shares of the industrial products company’s stock worth $539,000 after acquiring an additional 120 shares during the last quarter. CWM LLC grew its position in AptarGroup by 58.2% in the second quarter. CWM LLC now owns 348 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in AptarGroup by 5.9% in the first quarter. Park Avenue Securities LLC now owns 2,436 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

AptarGroup Trading Up 0.2 %

NYSE:ATR opened at $106.19 on Thursday. The firm has a market capitalization of $6.93 billion, a P/E ratio of 30.00, a P/E/G ratio of 4.12 and a beta of 0.64. The company has a quick ratio of 1.04, a current ratio of 1.56 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $99.39 and a 200 day moving average of $102.85. AptarGroup, Inc. has a 52 week low of $90.23 and a 52 week high of $130.08.

AptarGroup (NYSE:ATRGet Rating) last issued its quarterly earnings data on Friday, October 28th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.94 by $0.01. The firm had revenue of $836.90 million during the quarter, compared to the consensus estimate of $838.49 million. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. On average, research analysts predict that AptarGroup, Inc. will post 3.64 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, October 26th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, October 25th. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. AptarGroup’s dividend payout ratio (DPR) is presently 42.94%.

Insider Activity at AptarGroup

In related news, Director Matthew L. Trerotola purchased 3,170 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were acquired at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the completion of the acquisition, the director now directly owns 4,378 shares in the company, valued at approximately $413,633.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ATR shares. Wells Fargo & Company dropped their price target on AptarGroup from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Tuesday, November 1st. StockNews.com began coverage on shares of AptarGroup in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Bank of America lowered their price objective on shares of AptarGroup from $123.00 to $112.00 in a report on Thursday, October 13th. Morgan Stanley decreased their target price on shares of AptarGroup from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 18th. Finally, BMO Capital Markets initiated coverage on shares of AptarGroup in a research note on Monday, October 31st. They issued a “buy” rating and a $135.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

AptarGroup Profile

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AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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