Louisiana State Employees Retirement System Invests $2.29 Million in AptarGroup, Inc. (NYSE:ATR)

Louisiana State Employees Retirement System purchased a new stake in AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,500 shares of the industrial products company’s stock, valued at approximately $2,287,000.

A number of other large investors have also recently bought and sold shares of the stock. 1832 Asset Management L.P. bought a new stake in shares of AptarGroup in the 1st quarter worth about $30,000. Janiczek Wealth Management LLC boosted its position in AptarGroup by 57.7% in the third quarter. Janiczek Wealth Management LLC now owns 317 shares of the industrial products company’s stock valued at $40,000 after buying an additional 116 shares in the last quarter. C M Bidwell & Associates Ltd. grew its stake in AptarGroup by 1,063.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock worth $44,000 after buying an additional 319 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of AptarGroup by 60.3% during the first quarter. Belpointe Asset Management LLC now owns 351 shares of the industrial products company’s stock worth $41,000 after buying an additional 132 shares in the last quarter. Finally, Adirondack Trust Co. bought a new position in shares of AptarGroup in the third quarter valued at approximately $50,000. 88.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Gael Touya sold 3,500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the sale, the insider now directly owns 33,426 shares in the company, valued at approximately $4,774,569.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the sale, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock valued at $5,318,280 over the last ninety days. Insiders own 1.00% of the company’s stock.

AptarGroup Stock Up 0.3 %

NYSE:ATR opened at $138.64 on Wednesday. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 3.76 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24. The stock’s fifty day moving average price is $140.28 and its two-hundred day moving average price is $131.34. AptarGroup, Inc. has a 52-week low of $111.63 and a 52-week high of $145.35.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. AptarGroup had a return on equity of 14.46% and a net margin of 8.16%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. On average, analysts anticipate that AptarGroup, Inc. will post 5.22 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio is 38.59%.

Analyst Ratings Changes

A number of research firms recently weighed in on ATR. Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and raised their price target for the company from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company lifted their price target on AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.

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.