Versant Capital Management Inc Buys 299 Shares of AptarGroup, Inc. (NYSE:ATR)

Versant Capital Management Inc increased its holdings in AptarGroup, Inc. (NYSE:ATR) by 4,983.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 305 shares of the industrial products company’s stock after buying an additional 299 shares during the period. Versant Capital Management Inc’s holdings in AptarGroup were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Albert D Mason Inc. raised its position in shares of AptarGroup by 0.8% in the first quarter. Albert D Mason Inc. now owns 10,257 shares of the industrial products company’s stock worth $1,476,000 after buying an additional 77 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of AptarGroup by 0.6% during the fourth quarter. State of Michigan Retirement System now owns 15,810 shares of the industrial products company’s stock valued at $1,954,000 after buying an additional 100 shares during the last quarter. Natixis Advisors L.P. grew its stake 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 valued at $3,037,000 after buying an additional 109 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of AptarGroup by 4.1% during the fourth quarter. Ballentine Partners LLC now owns 2,846 shares of the industrial products company’s stock valued at $352,000 after buying an additional 111 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of AptarGroup by 4.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 3,232 shares of the industrial products company’s stock valued at $400,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kimberly Chainey sold 825 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total value of $121,085.25. Following the completion of the sale, the executive vice president now owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AptarGroup news, EVP Kimberly Chainey sold 825 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $146.77, for a total transaction of $121,085.25. Following the completion of the transaction, the executive vice president now owns 8,812 shares of the company’s stock, valued at $1,293,337.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $147.56, for a total value of $4,721,920.00. Following the transaction, 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. 1.00% of the stock is currently owned by insiders.

AptarGroup Trading Up 3.0 %

Shares of ATR traded up $4.25 during mid-day trading on Tuesday, hitting $144.93. 465,423 shares of the company’s stock traded hands, compared to its average volume of 301,618. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $9.60 billion, a P/E ratio of 31.10, a PEG ratio of 3.03 and a beta of 0.57. The business’s 50-day moving average price is $144.74 and its 200-day moving average price is $142.11. AptarGroup, Inc. has a 1 year low of $119.71 and a 1 year high of $151.73.

AptarGroup (NYSE:ATR) last announced 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 return on equity of 15.13% and a net margin of 9.00%. The company had revenue of $910.10 million during the quarter, compared to analyst estimates of $930.15 million. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be paid a $0.45 dividend. This is a positive change from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. AptarGroup’s dividend payout ratio (DPR) is presently 38.63%.

Analysts Set New Price Targets

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

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.