State of New Jersey Common Pension Fund D Has $3.74 Million Position in AptarGroup, Inc. (NYSE:ATR)

State of New Jersey Common Pension Fund D lowered its position in AptarGroup, Inc. (NYSE:ATR) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,241 shares of the industrial products company’s stock after selling 2,566 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in AptarGroup were worth $3,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC increased its position in AptarGroup by 39.0% during the 3rd quarter. CWM LLC now owns 467 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 131 shares during the period. Ropes Wealth Advisors LLC increased its position in AptarGroup by 7.8% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 2,323 shares of the industrial products company’s stock valued at $290,000 after purchasing an additional 168 shares during the period. Robeco Institutional Asset Management B.V. increased its position in AptarGroup by 3.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 194,028 shares of the industrial products company’s stock valued at $24,261,000 after purchasing an additional 5,931 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in AptarGroup by 1.7% during 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. Finally, Hanson & Doremus Investment Management increased its position in AptarGroup by 20.7% during the 3rd quarter. Hanson & Doremus Investment Management now owns 12,797 shares of the industrial products company’s stock valued at $1,600,000 after purchasing an additional 2,191 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Price Performance

AptarGroup stock opened at $143.28 on Friday. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 3.85 and a beta of 0.59. AptarGroup, Inc. has a 52-week low of $111.63 and a 52-week high of $148.51. The stock’s 50 day moving average price is $140.97 and its two-hundred day moving average price is $132.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.24.

AptarGroup (NYSE:ATR) last issued 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 15.26% and a net margin of 8.83%. The company had revenue of $838.48 million for the quarter, compared to analysts’ expectations of $842.50 million. During the same period last year, the business earned $0.92 EPS. AptarGroup’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that AptarGroup, Inc. will post 5.21 earnings per share for the current year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, April 24th. AptarGroup’s dividend payout ratio is currently 35.19%.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction on Monday, March 4th. The stock was 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 directly owns 159,024 shares in the company, valued at approximately $22,528,930.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other AptarGroup news, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the transaction, the director now directly owns 9,648 shares in the company, valued at approximately $1,374,357.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the firm’s stock in a transaction on 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 have sold a total of 37,500 shares of company stock worth $5,318,280 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ATR has been the topic of a number of research analyst reports. Robert W. Baird upgraded AptarGroup from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $125.00 to $150.00 in a report on Wednesday, January 3rd. Wells Fargo & Company increased their price target on AptarGroup from $157.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th.

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.