Herold Advisors Inc. Cuts Stake in AptarGroup, Inc. (NYSE:ATR)

Herold Advisors Inc. reduced its position in AptarGroup, Inc. (NYSE:ATR) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,500 shares of the industrial products company’s stock after selling 3,500 shares during the quarter. Herold Advisors Inc.’s holdings in AptarGroup were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ATR. C M Bidwell & Associates Ltd. grew its holdings in shares of 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 valued at $44,000 after buying an additional 319 shares during the last quarter. Adirondack Trust Co. acquired a new position in AptarGroup during the third quarter valued at $50,000. CWM LLC lifted its position in AptarGroup by 39.0% during the third quarter. CWM LLC now owns 467 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 131 shares during the period. GAMMA Investing LLC acquired a new position in AptarGroup during the fourth quarter valued at $61,000. Finally, Signaturefd LLC lifted its position in AptarGroup by 41.8% during the fourth quarter. Signaturefd LLC now owns 699 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 206 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were 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 in the company, valued at $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Gael Touya sold 3,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total transaction of $499,940.00. Following the completion of the transaction, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,500 shares of company stock worth $5,318,280. Company insiders own 1.00% of the company’s stock.

AptarGroup Stock Performance

NYSE ATR traded up $3.10 on Friday, reaching $143.28. 489,509 shares of the company’s stock traded hands, compared to its average volume of 320,108. The stock has a 50 day moving average price of $140.97 and a 200-day moving average price of $132.09. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 33.71, a P/E/G ratio of 3.84 and a beta of 0.59. AptarGroup, Inc. has a fifty-two week low of $111.63 and a fifty-two week high of $148.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $838.48 million during the quarter, compared to the consensus estimate of $842.50 million. AptarGroup had a net margin of 8.16% and a return on equity of 14.46%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Equities research analysts predict that AptarGroup, Inc. will post 5.21 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a $0.41 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.14%. AptarGroup’s dividend payout ratio (DPR) is currently 38.59%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATR. Robert W. Baird upgraded shares of AptarGroup from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $125.00 to $150.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company boosted their target price on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a research 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.