Prudential Financial Inc. Buys 3990 Shares of AptarGroup, Inc. (ATR)

Remigio Civitarese
Luglio 18, 2017

Shares of AptarGroup (ATR) opened at 89.43 on Friday. Paloma Partners Management Co's holdings in AptarGroup were worth $721,000 as of its most recent SEC filing. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company's stock valued at $178,000 after buying an additional 335 shares during the period. Perritt Capital Management Inc owns 191,170 shares or 0.6% of their United States portfolio. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company's stock valued at $179,000 after buying an additional 240 shares during the period. Huntington National Bank increased its stake in AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company's stock worth $202,000 after buying an additional 117 shares during the period. Finally, Thompson Investment Management Inc. bought a new position in shares of AptarGroup during the first quarter valued at approximately $204,000.

TRADEMARK VIOLATION WARNING: "AptarGroup, Inc". Shares last traded at $89.43 barely above $85.04, the stock's 50 day moving average and marginally over the 200 day moving average of $77.98. The company had a trading volume of 53,053 shares. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 26.77 and a beta of 0.98. AptarGroup Inc has $84 highest and $72 lowest target.

The firm has a 50 day moving average price of $85.04 and a 200-day moving average price of $77.98.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.02. The firm had revenue of $601.30 million during the quarter, compared to analyst estimates of $591.69 million. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The firm's revenue for the quarter was up 3.3% compared to the same quarter a year ago. Equities research analysts expect that AptarGroup, Inc. will post $3.43 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. The dividend payment will be $0.320 per share for the quarter or $1.28 annualized. AptarGroup has a dividend payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings.

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On November 16 analysts at Baird issued its first research report on the stock giving it an initial rating of "Outperform". Vertical Research lowered shares of AptarGroup from a "hold" rating to a "sell" rating in a research report on Monday, May 1st. Vertical Research lowered shares of AptarGroup from a "hold" rating to a "sell" rating in a report on Monday, May 1st. Out of 8 Wall Street analysts rating AptarGroup Inc, 1 give it "Buy", 1 "Sell" rating, while 6 recommend "Hold". BMO Capital Markets reaffirmed a "hold" rating and issued a $79.00 price target on shares of AptarGroup in a report on Sunday, July 2nd. Finally, KeyCorp reissued a "hold" rating on shares of AptarGroup in a research note on Friday, June 23rd. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the previous year is $77.50. Also, insider Eldon W. Schaffer II sold 27,000 shares of the company's stock in a transaction dated Monday, May 1st.

Segment President Salim Haffar sold 16,667 shares at an average price of $82.83 on Monday the 22nd. Following the completion of the purchase, the director now directly owns 7,116 shares of the company's stock, valued at $583,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 251,726 shares of company stock valued at $20,588,098. The shares were sold on June 7th for an average price of $85.43. The institutional investor owned 48,244 shares of the industrial products company's stock after buying an additional 3,990 shares during the period. Director King W. Harris disclosed the sale of 14,000 shares of (ATR). As of quarter end Boston Common Asset Management, LLC had sold 414 shares trimming its stake by 0.8%.

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets.

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