Mountain Pacific Investment Advisers Inc. ID Has $46.34 Million Position in AptarGroup, Inc. (NYSE:ATR)
Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,648 shares of the industrial products company’s stock after purchasing an additional 127 shares during the quarter. AptarGroup accounts for about 4.2% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 5th largest position. Mountain Pacific Investment Advisers Inc. ID owned about 0.59% of AptarGroup worth $46,335,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ATR. Ellis Investment Partners LLC bought a new stake in shares of AptarGroup in the 1st quarter worth about $77,000. Hilton Capital Management LLC bought a new stake in shares of AptarGroup in the 1st quarter worth about $132,000. ETF Managers Group LLC lifted its holdings in shares of AptarGroup by 10.8% in the 1st quarter. ETF Managers Group LLC now owns 1,609 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 157 shares during the last quarter. NEXT Financial Group Inc bought a new stake in shares of AptarGroup in the 2nd quarter worth about $178,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of AptarGroup in the 2nd quarter worth about $179,000. Institutional investors and hedge funds own 89.67% of the company’s stock.
ATR traded up $0.37 on Monday, reaching $124.86. 2,457 shares of the company traded hands, compared to its average volume of 218,211. AptarGroup, Inc. has a one year low of $88.26 and a one year high of $126.19. The firm has a fifty day moving average price of $122.51. The firm has a market capitalization of $7.87 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.77 and a beta of 0.79. The company has a current ratio of 2.13, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.15%. AptarGroup’s payout ratio is 36.00%.
Several equities research analysts have recently issued reports on ATR shares. Deutsche Bank lowered shares of Cogent Communications from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Bank of America restated a “neutral” rating and issued a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a report on Friday, April 5th. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Finally, Morgan Stanley set a $36.00 target price on shares of ArcBest and gave the stock a “hold” rating in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $111.78.
In other AptarGroup news, insider Marc Prieur sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $121.27, for a total transaction of $242,540.00. Following the transaction, the insider now owns 5,760 shares of the company’s stock, valued at approximately $698,515.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eldon W. Schaffer II sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $113.80, for a total transaction of $2,276,000.00. Following the transaction, the insider now directly owns 65,115 shares in the company, valued at approximately $7,410,087. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $4,284,590 in the last quarter. 3.00% of the stock is currently owned by company insiders.
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: Beauty + Home, Pharma, and Food + Beverage.
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