AllGen Financial Advisors Inc. Sells 414 Shares of AptarGroup, Inc. (NYSE:ATR)

AllGen Financial Advisors Inc. trimmed its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,789 shares of the industrial products company’s stock after selling 414 shares during the period. AptarGroup comprises about 0.9% of AllGen Financial Advisors Inc.’s portfolio, making the stock its 28th largest position. AllGen Financial Advisors Inc.’s holdings in AptarGroup were worth $1,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its position 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 worth $44,000 after buying an additional 319 shares during the period. Adirondack Trust Co. acquired a new position in AptarGroup during the 3rd quarter worth approximately $50,000. GAMMA Investing LLC bought a new position in shares of AptarGroup during the 4th quarter worth approximately $61,000. Signaturefd LLC raised its holdings in shares of AptarGroup by 41.8% in 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 last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of AptarGroup by 117.7% in the third quarter. Clearstead Advisors LLC now owns 751 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 406 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

AptarGroup Stock Performance

ATR stock traded up $0.89 during midday trading on Friday, reaching $146.81. 303,324 shares of the company were exchanged, compared to its average volume of 386,771. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 3.93 and a beta of 0.57. The business has a 50-day moving average price of $141.55 and a two-hundred day moving average price of $132.84. AptarGroup, Inc. has a one year low of $111.63 and a one year high of $148.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89.

AptarGroup (NYSE:ATR) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate 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 8.83% and a return on equity of 15.06%. AptarGroup’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Equities research analysts forecast that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.12%. AptarGroup’s dividend payout ratio (DPR) is currently 35.19%.

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 stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total transaction of $284,900.00. Following the transaction, the director now directly owns 9,648 shares of the company’s stock, valued at $1,374,357.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,134 shares of company stock valued at $5,990,627. Insiders own 1.00% of the company’s stock.

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.