Central Pacific Bank Trust Division Makes New $727,000 Investment in AptarGroup, Inc. (NYSE:ATR)

Central Pacific Bank Trust Division bought a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the 1st quarter, HoldingsChannel.com reports. The fund bought 5,110 shares of the industrial products company’s stock, valued at approximately $727,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATR. Albert D Mason Inc. increased its position in AptarGroup by 0.8% during the 1st quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock worth $1,476,000 after purchasing an additional 77 shares in the last quarter. State of Michigan Retirement System increased its stake in AptarGroup by 0.6% during the 4th quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock worth $1,954,000 after buying an additional 100 shares during the period. Fulton Bank N.A. grew its stake in shares of AptarGroup by 4.9% during the fourth quarter. Fulton Bank N.A. now owns 2,230 shares of the industrial products company’s stock valued at $276,000 after acquiring an additional 105 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of AptarGroup by 0.4% during the fourth quarter. Natixis Advisors L.P. now owns 24,574 shares of the industrial products company’s stock worth $3,037,000 after acquiring an additional 109 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of AptarGroup by 4.1% in the fourth quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 111 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, insider Marc Prieur sold 3,200 shares of AptarGroup 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 completion of 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 filing with the SEC, which is available at the SEC website. In other news, insider Hedi Tlili sold 4,634 shares of AptarGroup stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total transaction of $672,347.06. Following the completion of the sale, the insider now directly owns 9,379 shares of the company’s stock, valued at approximately $1,360,799.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc Prieur sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $148.92, for a total value of $476,544.00. Following the transaction, the insider now directly owns 16,616 shares in the company, valued at $2,474,454.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,659 shares of company stock worth $1,269,976. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATR. Wells Fargo & Company lifted their target price on AptarGroup from $160.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Robert W. Baird upped their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, William Blair upgraded shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th.

AptarGroup Price Performance

Shares of AptarGroup stock traded down $1.47 during mid-day trading on Tuesday, reaching $140.04. 238,431 shares of the stock were exchanged, compared to its average volume of 298,227. The firm has a 50-day simple moving average of $146.04 and a 200 day simple moving average of $139.41. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. AptarGroup, Inc. has a fifty-two week low of $113.01 and a fifty-two week high of $151.73. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.57.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.13. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The business had revenue of $915.45 million during the quarter, compared to analysts’ expectations of $897.40 million. On average, sell-side analysts predict that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Thursday, April 25th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, April 24th. AptarGroup’s payout ratio is 35.19%.

AptarGroup 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.