AptarGroup, Inc. (NYSE:ATR) Shares Bought by Hemenway Trust Co LLC

Hemenway Trust Co LLC grew its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,681 shares of the industrial products company’s stock after acquiring an additional 169 shares during the period. AptarGroup comprises approximately 2.8% of Hemenway Trust Co LLC’s holdings, making the stock its 16th biggest position. Hemenway Trust Co LLC owned 0.35% of AptarGroup worth $32,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ATR. DekaBank Deutsche Girozentrale boosted its holdings in shares of AptarGroup by 9.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,607 shares of the industrial products company’s stock valued at $2,532,000 after buying an additional 1,583 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in AptarGroup by 167.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,690 shares of the industrial products company’s stock valued at $957,000 after purchasing an additional 4,186 shares during the last quarter. First Financial Bank Trust Division bought a new stake in AptarGroup in the 1st quarter valued at about $3,038,000. Wells Fargo & Company MN lifted its position in AptarGroup by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 109,060 shares of the industrial products company’s stock valued at $13,482,000 after purchasing an additional 5,295 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in AptarGroup by 6,677.5% in the 4th quarter. National Bank of Canada FI now owns 25,348 shares of the industrial products company’s stock valued at $3,115,000 after purchasing an additional 24,974 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Stock Performance

NYSE:ATR traded up $0.04 during mid-day trading on Friday, hitting $150.76. The stock had a trading volume of 14,386 shares, compared to its average volume of 292,346. AptarGroup, Inc. has a 52 week low of $120.36 and a 52 week high of $153.44. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 3.15 and a beta of 0.57. The company has a 50 day simple moving average of $145.59 and a 200-day simple moving average of $144.39. The company has a current ratio of 1.36, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The company had revenue of $910.10 million for the quarter, compared to the consensus estimate of $930.15 million. During the same period in the previous year, the firm earned $1.23 EPS. AptarGroup’s revenue was up 1.6% on a year-over-year basis. On average, research analysts expect that AptarGroup, Inc. will post 5.36 earnings per share for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, July 25th. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.19%. AptarGroup’s dividend payout ratio is currently 38.63%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price objective on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th.

Insiders Place Their Bets

In related news, insider Shiela Vinczeller sold 1,660 shares of AptarGroup stock in a transaction on Monday, August 26th. The stock was sold at an average price of $151.15, for a total value of $250,909.00. Following the transaction, the insider now directly owns 22,651 shares in the company, valued at approximately $3,423,698.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Shiela Vinczeller sold 1,660 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $151.15, for a total value of $250,909.00. Following the completion of the sale, the insider now owns 22,651 shares in the company, valued at $3,423,698.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $147.56, for a total value of $4,721,920.00. Following the completion of the sale, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,782 shares of company stock worth $6,603,941. 1.00% of the stock is owned by insiders.

About AptarGroup

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.