California Public Employees Retirement System Decreases Stake in AptarGroup, Inc. (ATR)

California Public Employees Retirement System decreased its stake in AptarGroup, Inc. (NYSE:ATR) by 8.0% during the first quarter, Holdings Channel reports. The firm owned 142,000 shares of the industrial products company’s stock after selling 12,300 shares during the period. California Public Employees Retirement System’s holdings in AptarGroup were worth $10,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ATR. Norges Bank acquired a new position in AptarGroup during the fourth quarter valued at approximately $33,791,000. Los Angeles Capital Management & Equity Research Inc. increased its position in AptarGroup by 617.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 414,123 shares of the industrial products company’s stock valued at $31,883,000 after buying an additional 356,377 shares during the period. JPMorgan Chase & Co. increased its position in AptarGroup by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,684,112 shares of the industrial products company’s stock valued at $206,649,000 after buying an additional 282,994 shares during the period. Victory Capital Management Inc. increased its position in AptarGroup by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,982,580 shares of the industrial products company’s stock valued at $152,639,000 after buying an additional 201,372 shares during the period. Finally, BTIM Corp. increased its position in AptarGroup by 13.5% in the first quarter. BTIM Corp. now owns 961,797 shares of the industrial products company’s stock valued at $74,049,000 after buying an additional 114,371 shares during the period. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

AptarGroup, Inc. (NYSE:ATR) opened at 86.80 on Friday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 26.22 and a beta of 0.96. The company has a 50 day moving average of $84.02 and a 200 day moving average of $77.37. AptarGroup, Inc. has a 52 week low of $70.32 and a 52 week high of $87.68.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $601.30 million for the quarter, compared to analyst estimates of $591.69 million. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. Equities analysts expect that AptarGroup, Inc. will post $3.42 EPS for the current fiscal year.

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Several research analysts have commented on ATR shares. Vertical Group downgraded shares of AptarGroup from a “hold” rating to a “sell” rating and lifted their price target for the stock from $68.00 to $70.00 in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Vertical Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Jefferies Group LLC reissued a “hold” rating and set a $77.00 price target on shares of AptarGroup in a research note on Thursday, June 8th. Finally, KeyCorp reissued a “hold” rating on shares of AptarGroup in a research note on Friday. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. AptarGroup currently has an average rating of “Hold” and an average price target of $77.00.

In other news, Director Stephen J. Hagge sold 27,500 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $79.78, for a total transaction of $2,193,950.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Kuhn sold 45,000 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $79.78, for a total value of $3,590,100.00. Following the transaction, the chief financial officer now owns 34,008 shares in the company, valued at approximately $2,713,158.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,726 shares of company stock worth $20,588,098. Insiders own 5.30% 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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