AllGen Financial Advisors Inc. Has $1.71 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

AllGen Financial Advisors Inc. trimmed its position in shares of AptarGroup, Inc. (NYSE:ATR) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,789 shares of the industrial products company’s stock after selling 414 shares during the period. AptarGroup accounts for 0.9% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. AllGen Financial Advisors Inc.’s holdings in AptarGroup were worth $1,705,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of AptarGroup by 1.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 11,364 shares of the industrial products company’s stock valued at $1,421,000 after purchasing an additional 189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AptarGroup by 15.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,136 shares of the industrial products company’s stock worth $1,517,000 after buying an additional 1,640 shares in the last quarter. Advisor Partners II LLC lifted its position in AptarGroup by 21.1% in the 3rd quarter. Advisor Partners II LLC now owns 2,227 shares of the industrial products company’s stock worth $278,000 after buying an additional 388 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of AptarGroup by 9.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,147,557 shares of the industrial products company’s stock valued at $143,491,000 after buying an additional 101,279 shares during the period. Finally, Adirondack Trust Co. purchased a new position in shares of AptarGroup during the 3rd quarter valued at $50,000. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATR has been the topic of a number of recent research reports. Wells Fargo & Company upped 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. William Blair raised AptarGroup from a “market perform” rating to an “outperform” rating in a research note on Monday, April 29th. Finally, Robert W. Baird raised their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 29th.

AptarGroup Stock Up 0.6 %

Shares of NYSE:ATR traded up $0.89 on Friday, reaching $146.81. The company had a trading volume of 303,324 shares, compared to its average volume of 386,771. The stock has a market capitalization of $9.73 billion, a P/E ratio of 31.50, a P/E/G ratio of 3.93 and a beta of 0.57. The stock has a 50-day moving average price of $141.55 and a 200 day moving average price of $132.84. AptarGroup, Inc. has a twelve month low of $111.63 and a twelve month high of $148.51. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29.

AptarGroup (NYSE:ATR) last announced its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that AptarGroup, Inc. will post 5.34 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 35.19%.

Insider Transactions at AptarGroup

In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 value of $672,347.06. Following the completion of the sale, the insider now owns 9,379 shares in the company, valued at $1,360,799.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The disclosure for this sale can be found here. Insiders sold a total of 42,134 shares of company stock worth $5,990,627 over the last three months. 1.00% of the stock is currently 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.