Twin Tree Management LP purchased a new stake in AptarGroup, Inc. (NYSE:ATR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,480 shares of the industrial products company’s stock, valued at approximately $1,819,000.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in AptarGroup by 17.3% during the second quarter. Victory Capital Management Inc. now owns 2,256,665 shares of the industrial products company’s stock worth $210,727,000 after purchasing an additional 333,376 shares during the last quarter. Atlanta Capital Management Co. L L C raised its holdings in AptarGroup by 7.9% during the first quarter. Atlanta Capital Management Co. L L C now owns 3,872,169 shares of the industrial products company’s stock worth $347,837,000 after purchasing an additional 282,170 shares during the last quarter. BlackRock Inc. raised its holdings in AptarGroup by 3.8% during the first quarter. BlackRock Inc. now owns 5,366,466 shares of the industrial products company’s stock worth $482,069,000 after purchasing an additional 194,562 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in AptarGroup by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock worth $89,442,000 after purchasing an additional 182,471 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its holdings in AptarGroup by 93.2% during the first quarter. Mawer Investment Management Ltd. now owns 375,045 shares of the industrial products company’s stock worth $33,690,000 after purchasing an additional 180,874 shares during the last quarter. Hedge funds and other institutional investors own 90.52% of the company’s stock.

In other news, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $102.33, for a total value of $2,558,250.00. Following the completion of the transaction, the director now directly owns 110,105 shares of the company’s stock, valued at $11,267,044.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Salim Haffar sold 1,989 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $103.37, for a total value of $205,602.93. Following the completion of the transaction, the insider now directly owns 23,782 shares of the company’s stock, valued at $2,458,345.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,325 shares of company stock valued at $7,820,215. Insiders own 3.40% of the company’s stock.

ATR has been the subject of several research reports. Deutsche Bank set a $115.00 price objective on AptarGroup and gave the stock a “buy” rating in a report on Monday, July 30th. ValuEngine raised AptarGroup from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Jefferies Financial Group initiated coverage on AptarGroup in a report on Friday, May 18th. They set a “hold” rating and a $99.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, April 27th. Finally, BMO Capital Markets lifted their price objective on AptarGroup from $92.00 to $105.00 and gave the stock a “market perform” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. AptarGroup currently has an average rating of “Hold” and an average target price of $101.75.

Shares of ATR stock opened at $101.67 on Friday. AptarGroup, Inc. has a 1 year low of $79.97 and a 1 year high of $104.95. The firm has a market cap of $6.37 billion, a P/E ratio of 29.56, a PEG ratio of 3.09 and a beta of 0.79. The company has a quick ratio of 2.42, a current ratio of 3.01 and a debt-to-equity ratio of 0.88.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.08. AptarGroup had a return on equity of 17.83% and a net margin of 8.19%. The company had revenue of $710.61 million during the quarter, compared to analysts’ expectations of $688.02 million. research analysts predict that AptarGroup, Inc. will post 3.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 1st will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from AptarGroup’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, July 31st. AptarGroup’s payout ratio is 39.53%.

AptarGroup Profile

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 in three segments: Beauty + Home, Pharma, and Food + Beverage.

Featured Story: How do investors use RSI to grade stocks?

Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.