UBS Asset Management Americas Inc. Increases Stake in AptarGroup, Inc. (NYSE:ATR)

Claudine Rigal
Juillet 18, 2017

12/07/2016 - AptarGroup, Inc. was downgraded to " by analysts at Bank of America Merrill Lynch. (NYSE:ATR) to report earnings on July, 27 after the close. Over the last quarter, insiders have sold 251,726 shares of company stock valued at $20,588,098.

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of AptarGroup by 11.8% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company's stock valued at $137,000 after buying an additional 30 shares in the last quarter. Kwmg LLC bought a new position in AptarGroup during the first quarter worth about $1,590,000. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company's stock valued at $178,000 after buying an additional 335 shares during the period. Huntington National Bank raised its stake in AptarGroup by 4.7% in the first quarter. Finally, Thompson Investment Management Inc. bought a new stake in AptarGroup during the first quarter valued at $204,000. Corporate insiders own 5.30% of the company's stock. AptarGroup has a 52-week low of $70.32 and a 52-week high of $89.77. (NYSE:ATR). Tudor Et Al owns 0.03% invested in AptarGroup, Inc. 59,215 shares of the company's stock were exchanged. The stock has a 50-day moving average of $85.04 and a 200 day moving average of $77.98. The firm has a market capitalization of $5.59 billion, a PE ratio of 27.06 and a beta of 0.98.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, April 27th. In the latest earnings report the EPS was $3.31 and is projected to be $3.43 for the current year with 62,428,000 shares now outstanding. The company had revenue of $601.30 million for the quarter, compared to the consensus estimate of $591.69 million. The business's quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect next quarter's EPS will be $0.91 and the next full year EPS is anticipated to be $3.76.

The newly announced dividend which will be paid on Wednesday, August 16th. The dividend payment will be $0.320 per share for the quarter or $1.28 annualized. The ex-dividend date will be Monday the 1st of May 2017. The ratio dropped, as 125 investment professionals opened new or increased holdings, while 136 sold and decreased equity positions in Aptargroup Inc.

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On November 16 analysts at Baird issued its first research report on the stock giving it an initial rating of "Outperform". Zacks Investment Research lowered AptarGroup from a "hold" rating to a "sell" rating in a report on Monday, April 17th. Vertical Group lowered AptarGroup from a "hold" rating to a "sell" rating and boosted their price target for the company from $68.00 to $70.00 in a report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a "hold" rating and issued a $77.00 target price on shares of AptarGroup in a research report on Thursday, June 8th. KeyCorp reaffirmed a "hold" rating on shares of AptarGroup in a report on Friday, June 23rd. The firm has "Hold" rating given on Monday, October 31 by Vertical Research. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. AptarGroup has an average rating of "Hold" and a consensus price target of $77.50. (NYSE:ATR) on Tuesday, January 5 to "Neutral" rating. The stock was sold at an average price of $79.78, for a total transaction of $3,590,100.00. The stock had previously closed at $88.63.

In related news, Director Maritza Gomez Montiel purchased 1,720 shares of the firm's stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the transaction, the chief financial officer now directly owns 34,008 shares in the company, valued at approximately $2,713,158.24. Director King W. Harris disclosed the sale of 14,000 shares of (ATR). Also, CFO Robert Kuhn sold 45,000 shares of the business's stock in a transaction that occurred on Monday, May 1st. Insiders own 5.30% of the company's stock.

AptarGroup, Inc., launched on September 3, 1992, is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets.

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