Rockport Wealth LLC Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Rockport Wealth LLC bought a new position in AptarGroup, Inc. (NYSE:ATR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,436 shares of the industrial products company’s stock, valued at approximately $351,000.

A number of other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in AptarGroup during the first quarter valued at approximately $25,000. Global Retirement Partners LLC grew its holdings in AptarGroup by 8,850.0% during the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 177 shares during the period. Mather Group LLC. acquired a new position in AptarGroup during the first quarter valued at approximately $52,000. Riverview Trust Co acquired a new position in AptarGroup during the first quarter valued at approximately $54,000. Finally, GAMMA Investing LLC acquired a new position in AptarGroup during the fourth quarter valued at approximately $61,000. 88.52% of the stock is owned by institutional investors.

AptarGroup Stock Performance

NYSE ATR traded down $1.15 on Tuesday, hitting $146.04. 234,547 shares of the stock were exchanged, compared to its average volume of 295,114. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.89. The business’s fifty day moving average is $145.29 and its 200 day moving average is $140.76. AptarGroup, Inc. has a 52 week low of $118.71 and a 52 week high of $151.73. The company has a market capitalization of $9.68 billion, a PE ratio of 31.65, a P/E/G ratio of 3.22 and a beta of 0.57.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $915.45 million for the quarter, compared to analyst estimates of $897.40 million. Research analysts anticipate that AptarGroup, Inc. will post 5.35 EPS for the current fiscal year.

AptarGroup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be given a dividend of $0.45 per share. 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 1.23%. The ex-dividend date of this dividend is Thursday, July 25th. AptarGroup’s dividend payout ratio is 35.19%.

Insiders Place Their Bets

In other news, insider Marc Prieur sold 3,200 shares of the 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 of the company’s stock, valued at $2,474,454.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Marc Prieur sold 3,200 shares of the 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 of the company’s stock, valued at $2,474,454.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hedi Tlili sold 4,634 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 9,379 shares in the company, valued at $1,360,799.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,659 shares of company stock valued at $1,269,976. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ATR shares. Robert W. Baird upped their price target on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Wells Fargo & Company upped their price target on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, William Blair raised shares of AptarGroup from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th.

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.