Lord Abbett & CO. LLC raised its position in shares of AptarGroup, Inc. (NYSE:ATR) by 294.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,013,917 shares of the industrial products company’s stock after acquiring an additional 757,017 shares during the quarter. Lord Abbett & CO. LLC owned about 1.62% of AptarGroup worth $88,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATR. UBS Asset Management Americas Inc. boosted its position in AptarGroup by 17.0% during the first quarter. UBS Asset Management Americas Inc. now owns 38,923 shares of the industrial products company’s stock valued at $2,997,000 after acquiring an additional 5,663 shares during the last quarter. Prudential Financial Inc. boosted its position in AptarGroup by 9.0% during the first quarter. Prudential Financial Inc. now owns 48,244 shares of the industrial products company’s stock valued at $3,714,000 after acquiring an additional 3,990 shares during the last quarter. Stifel Financial Corp boosted its position in AptarGroup by 35.9% during the first quarter. Stifel Financial Corp now owns 14,056 shares of the industrial products company’s stock valued at $1,077,000 after acquiring an additional 3,714 shares during the last quarter. OppenheimerFunds Inc. boosted its position in AptarGroup by 12.2% during the first quarter. OppenheimerFunds Inc. now owns 7,548 shares of the industrial products company’s stock valued at $581,000 after acquiring an additional 818 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in AptarGroup by 2.9% during the first quarter. Principal Financial Group Inc. now owns 254,266 shares of the industrial products company’s stock valued at $19,576,000 after acquiring an additional 7,188 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of AptarGroup, Inc. (NYSE:ATR) traded up 0.16% during mid-day trading on Tuesday, reaching $89.08. 30,902 shares of the company’s stock were exchanged. The stock has a market cap of $5.59 billion, a PE ratio of 26.20 and a beta of 0.96. The company has a 50 day moving average price of $85.84 and a 200-day moving average price of $83.92. AptarGroup, Inc. has a one year low of $70.32 and a one year high of $90.79.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The business had revenue of $617.75 million for the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, analysts predict that AptarGroup, Inc. will post $3.34 EPS for the current year.

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In other AptarGroup news, insider Gael Touya sold 35,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the sale, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the sale, the director now directly owns 6,469 shares in the company, valued at approximately $531,298.97. The disclosure for this sale can be found here. 5.30% of the stock is owned by company insiders.

ATR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $79.00 price target on shares of AptarGroup in a research report on Sunday, July 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target on shares of AptarGroup in a research report on Thursday, August 31st. BidaskClub cut shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Friday, June 23rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. AptarGroup has an average rating of “Hold” and an average price target of $82.00.

AptarGroup 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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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