Tidal Investments LLC Increases Stake in AptarGroup, Inc. (NYSE:ATR)

by · The Cerbat Gem

Tidal Investments LLC boosted its stake in AptarGroup, Inc. (NYSE:ATR – Free Report) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,823 shares of the industrial products company’s stock after purchasing an additional 1,331 shares during the quarter. Tidal Investments LLC’s holdings in AptarGroup were worth $3,114,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in shares of AptarGroup during the 4th quarter valued at about $42,000. Park Place Capital Corp purchased a new position in AptarGroup in the 4th quarter worth approximately $67,000. Principal Securities Inc. increased its stake in shares of AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after buying an additional 335 shares during the period. Huntington National Bank increased its stake in shares of AptarGroup by 35.1% during the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock valued at $73,000 after buying an additional 120 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of AptarGroup during the fourth quarter valued at approximately $75,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR opened at $156.26 on Thursday. The stock has a 50-day moving average of $148.02 and a two-hundred day moving average of $155.10. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The stock has a market cap of $10.32 billion, a P/E ratio of 28.20, a P/E/G ratio of 3.89 and a beta of 0.58.

AptarGroup (NYSE:ATR – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to analysts’ expectations of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. AptarGroup’s payout ratio is 32.85%.

Insider Buying and Selling

In other news, insider Hedi Tlili sold 3,614 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $155.96, for a total value of $563,639.44. Following the sale, the insider now directly owns 9,379 shares in the company, valued at approximately $1,462,748.84. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 17,771 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $151.24, for a total value of $2,687,686.04. Following the completion of the transaction, the chief executive officer now directly owns 204,986 shares of the company’s stock, valued at $31,002,082.64. This trade represents a 7.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,709 shares of company stock worth $5,129,410. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

ATR has been the topic of several research reports. Robert W. Baird dropped their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Raymond James lowered their price target on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. StockNews.com raised AptarGroup from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $178.60.

Read Our Latest Report on AptarGroup

About AptarGroup

(Free Report)

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.

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