Bright Rock Capital Management LLC Holds Position in AptarGroup, Inc. (ATR)
Bright Rock Capital Management LLC held its stake in shares of AptarGroup, Inc. (NYSE:ATR) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,500 shares of the industrial products company’s stock at the end of the first quarter. Bright Rock Capital Management LLC’s holdings in AptarGroup were worth $577,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in ATR. Atlanta Capital Management Co. L L C raised its stake in shares of AptarGroup by 5.9% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,353,253 shares of the industrial products company’s stock worth $246,296,000 after buying an additional 187,225 shares during the last quarter. State Street Corp raised its stake in shares of AptarGroup by 0.9% in the fourth quarter. State Street Corp now owns 3,022,919 shares of the industrial products company’s stock worth $222,033,000 after buying an additional 26,280 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of AptarGroup by 4.2% in the third quarter. BlackRock Fund Advisors now owns 2,356,993 shares of the industrial products company’s stock worth $182,455,000 after buying an additional 96,072 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of AptarGroup by 2.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,969,500 shares of the industrial products company’s stock worth $152,459,000 after buying an additional 40,400 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of AptarGroup by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,954,776 shares of the industrial products company’s stock worth $151,319,000 after buying an additional 74,843 shares during the last quarter. Hedge funds and other institutional investors own 89.61% of the company’s stock.
Shares of AptarGroup, Inc. (NYSE:ATR) traded up 0.50% during midday trading on Friday, hitting $78.21. 89,984 shares of the stock were exchanged. AptarGroup, Inc. has a 52-week low of $70.32 and a 52-week high of $81.50. The firm’s 50-day moving average is $76.68 and its 200 day moving average is $74.77. The firm has a market cap of $4.87 billion, a PE ratio of 24.67 and a beta of 0.97.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, February 9th. The industrial products company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. AptarGroup had a return on equity of 16.27% and a net margin of 8.82%. The business earned $539 million during the quarter, compared to the consensus estimate of $560.12 million. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts forecast that AptarGroup, Inc. will post $3.30 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. AptarGroup’s dividend payout ratio (DPR) is 40.38%.
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ATR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Jefferies Group LLC lowered their price objective on shares of AptarGroup from $79.00 to $77.00 and set a “hold” rating for the company in a report on Sunday, February 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $80.50.
In other news, insider Stephen J. Hagge sold 2,923 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $76.11, for a total transaction of $222,469.53. Following the transaction, the insider now owns 75,516 shares in the company, valued at $5,747,522.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Salim Haffar sold 21,167 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $76.43, for a total value of $1,617,793.81. Following the transaction, the insider now owns 42,593 shares in the company, valued at approximately $3,255,382.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,490 shares of company stock valued at $13,306,297. Corporate insiders own 5.50% of the company’s stock.
AptarGroup Company Profile
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. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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