AptarGroup, Inc. (NYSE:ATR) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 33.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,800 shares of the industrial products company’s stock after selling 45,200 shares during the period. TimesSquare Capital Management LLC owned 0.14% of AptarGroup worth $12,864,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of AptarGroup by 51.7% during the first quarter. Acadian Asset Management LLC now owns 179,493 shares of the industrial products company’s stock worth $25,429,000 after purchasing an additional 61,173 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of AptarGroup by 22.4% during the first quarter. Teacher Retirement System of Texas now owns 7,172 shares of the industrial products company’s stock worth $1,016,000 after purchasing an additional 1,312 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of AptarGroup by 13.5% during the first quarter. GW&K Investment Management LLC now owns 349,804 shares of the industrial products company’s stock worth $49,557,000 after purchasing an additional 41,546 shares in the last quarter. Hilton Capital Management LLC increased its position in shares of AptarGroup by 9.6% in the 1st quarter. Hilton Capital Management LLC now owns 2,242 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 196 shares during the period. Finally, Ceredex Value Advisors LLC increased its position in shares of AptarGroup by 5.8% in the 1st quarter. Ceredex Value Advisors LLC now owns 830,125 shares of the industrial products company’s stock valued at $117,604,000 after acquiring an additional 45,423 shares during the period. 88.61% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on ATR. BMO Capital Markets upped their target price on AptarGroup from $158.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, May 3rd. Deutsche Bank Aktiengesellschaft upped their target price on AptarGroup from $152.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, April 19th. Robert W. Baird reissued a “hold” rating and issued a $150.00 target price on shares of AptarGroup in a research report on Monday, May 3rd. Finally, Morgan Stanley upped their target price on AptarGroup from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. AptarGroup has a consensus rating of “Buy” and a consensus target price of $150.29.

In other news, Director George L. Fotiades sold 9,500 shares of the stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $154.83, for a total transaction of $1,470,885.00. Following the sale, the director now directly owns 23,047 shares of the company’s stock, valued at approximately $3,568,367.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gael Touya sold 42,735 shares of the stock in a transaction dated Thursday, June 3rd. The stock was sold at an average price of $144.99, for a total transaction of $6,196,147.65. Following the sale, the insider now directly owns 79,138 shares in the company, valued at $11,474,218.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,550 shares of company stock worth $13,074,802. Corporate insiders own 1.20% of the company’s stock.

Shares of ATR opened at $144.99 on Friday. The stock’s 50-day moving average is $149.00. The firm has a market cap of $9.53 billion, a P/E ratio of 40.16, a P/E/G ratio of 4.88 and a beta of 0.67. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.86 and a quick ratio of 1.34. AptarGroup, Inc. has a fifty-two week low of $103.07 and a fifty-two week high of $158.97.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Wednesday, April 28th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.19. AptarGroup had a return on equity of 14.27% and a net margin of 8.13%. The company had revenue of $776.75 million for the quarter, compared to the consensus estimate of $784.41 million. As a group, analysts predict that AptarGroup, Inc. will post 4.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 19th. Stockholders of record on Wednesday, April 28th were paid a dividend of $0.38 per share. This is a positive change from AptarGroup’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, April 27th. AptarGroup’s dividend payout ratio is presently 41.76%.

About AptarGroup

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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