Kestra Private Wealth Services LLC Takes Position in AptarGroup, Inc. (NYSE:ATR)

Kestra Private Wealth Services LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,911 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other hedge funds also recently added to or reduced their stakes in ATR. Picton Mahoney Asset Management lifted its position in shares of AptarGroup by 9.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,210 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System lifted its holdings in AptarGroup by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock worth $1,954,000 after buying an additional 100 shares during the period. Fulton Bank N.A. boosted its position in AptarGroup by 4.9% during the 4th quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 105 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of AptarGroup by 4.1% in the 4th quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 111 shares during the period. Finally, D.B. Root & Company LLC raised its position in shares of AptarGroup by 1.6% in the 4th quarter. D.B. Root & Company LLC now owns 8,089 shares of the industrial products company’s stock worth $1,000,000 after acquiring an additional 130 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATR has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of AptarGroup from $160.00 to $163.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Finally, Robert W. Baird upped their price target on AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $149.05 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. AptarGroup, Inc. has a 52 week low of $111.63 and a 52 week high of $151.73. The firm has a market capitalization of $9.88 billion, a P/E ratio of 31.98, a PEG ratio of 3.93 and a beta of 0.57. The company has a 50 day moving average price of $142.26 and a 200 day moving average price of $133.43.

AptarGroup (NYSE:ATR) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $838.48 million during the quarter, compared to analyst estimates of $842.50 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. Sell-side analysts expect that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

Insiders Place Their Bets

In related news, insider Gael Touya sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $142.84, for a total transaction of $499,940.00. Following the sale, the insider now directly owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,334 shares of company stock valued at $6,467,171. Company insiders own 1.00% of the company’s stock.

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.