Seven Eight Capital LP Purchases New Stake in AptarGroup, Inc. (NYSE:ATR)

Seven Eight Capital LP purchased a new stake in AptarGroup, Inc. (NYSE:ATRFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,728 shares of the industrial products company’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Schroder Investment Management Group raised its stake in AptarGroup by 93.1% in the fourth quarter. Schroder Investment Management Group now owns 295,820 shares of the industrial products company’s stock valued at $36,569,000 after purchasing an additional 142,623 shares in the last quarter. Broderick Brian C raised its stake in AptarGroup by 3.1% in the fourth quarter. Broderick Brian C now owns 80,514 shares of the industrial products company’s stock valued at $9,953,000 after purchasing an additional 2,413 shares in the last quarter. KBC Group NV acquired a new position in AptarGroup in the fourth quarter valued at about $150,000. Campbell & CO Investment Adviser LLC raised its stake in AptarGroup by 119.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,230 shares of the industrial products company’s stock worth $647,000 after acquiring an additional 2,846 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in AptarGroup by 38.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 93,349 shares of the industrial products company’s stock worth $11,540,000 after acquiring an additional 26,095 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Research Report on ATR

Insider Transactions at AptarGroup

In related news, insider Marc Prieur sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the sale, the insider now directly owns 16,616 shares in the company, valued at $2,474,454.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Marc Prieur sold 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $148.92, for a total value of $476,544.00. Following the sale, the insider now directly owns 16,616 shares in the company, valued at $2,474,454.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kimberly Chainey sold 825 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the sale, the executive vice president now owns 8,812 shares in the company, valued at $1,293,337.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,659 shares of company stock worth $1,269,976. Insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

NYSE:ATR opened at $145.57 on Tuesday. The stock has a market cap of $9.65 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 3.10 and a beta of 0.60. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average is $144.59 and its 200-day moving average is $137.02. AptarGroup, Inc. has a 1-year low of $111.63 and a 1-year high of $151.73.

AptarGroup (NYSE:ATRGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.13. The company had revenue of $915.45 million for the quarter, compared to analysts’ expectations of $897.40 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. Equities research analysts anticipate that AptarGroup, Inc. will post 5.36 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, April 24th. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

AptarGroup Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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