Puzo Michael J Reduces Holdings in AptarGroup, Inc. (ATR)

Puzo Michael J decreased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,732 shares of the industrial products company’s stock after selling 1,235 shares during the period. AptarGroup accounts for 3.5% of Puzo Michael J’s investment portfolio, making the stock its 8th biggest position. Puzo Michael J owned approximately 0.14% of AptarGroup worth $8,193,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its holdings in shares of AptarGroup by 24.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 137,935 shares of the industrial products company’s stock worth $11,901,000 after purchasing an additional 26,779 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of AptarGroup by 18.7% during the fourth quarter. Teachers Advisors LLC now owns 92,574 shares of the industrial products company’s stock worth $7,987,000 after purchasing an additional 14,552 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of AptarGroup during the fourth quarter worth $545,000. Prudential Financial Inc. boosted its holdings in shares of AptarGroup by 3.6% during the first quarter. Prudential Financial Inc. now owns 49,146 shares of the industrial products company’s stock worth $4,415,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of AptarGroup by 338.6% during the fourth quarter. Deutsche Bank AG now owns 105,477 shares of the industrial products company’s stock worth $9,098,000 after purchasing an additional 81,430 shares during the last quarter. 89.57% of the stock is owned by institutional investors.

In related news, insider Salim Haffar sold 7,616 shares of AptarGroup stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $93.88, for a total value of $714,990.08. Following the transaction, the insider now owns 33,387 shares in the company, valued at $3,134,371.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $91.98, for a total value of $2,299,500.00. Following the completion of the transaction, the director now owns 110,105 shares in the company, valued at approximately $10,127,457.90. The disclosure for this sale can be found here. Insiders sold 93,130 shares of company stock worth $8,656,266 in the last quarter. 3.40% of the stock is owned by insiders.



Several research firms have recently issued reports on ATR. BMO Capital Markets raised their price objective on AptarGroup from $92.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday. UBS Group began coverage on AptarGroup in a report on Wednesday, June 20th. They set a “neutral” rating and a $105.00 price objective on the stock. ValuEngine upgraded AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. KeyCorp restated a “hold” rating on shares of AptarGroup in a report on Friday, April 27th. Finally, Deutsche Bank set a $115.00 price objective on AptarGroup and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $98.75.

AptarGroup stock traded down $0.36 during midday trading on Monday, reaching $102.54. The stock had a trading volume of 20,031 shares, compared to its average volume of 209,360. AptarGroup, Inc. has a twelve month low of $79.97 and a twelve month high of $103.03. The stock has a market capitalization of $6.42 billion, a P/E ratio of 29.73, a PEG ratio of 3.20 and a beta of 0.77. The company has a current ratio of 3.01, a quick ratio of 2.42 and a debt-to-equity ratio of 0.88.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 26th. The industrial products company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.08. AptarGroup had a return on equity of 17.83% and a net margin of 8.19%. The firm had revenue of $710.61 million for the quarter, compared to analysts’ expectations of $688.02 million. sell-side analysts predict that AptarGroup, Inc. will post 3.78 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Wednesday, August 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, July 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.33%. This is a boost from AptarGroup’s previous quarterly dividend of $0.32. AptarGroup’s dividend payout ratio (DPR) is presently 37.21%.

About AptarGroup

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

Recommended Story: What is a Leveraged Buyout (LBO)?

Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR).

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply