Hemenway Trust Co LLC Has $32.62 Million Stake in AptarGroup, Inc. (NYSE:ATR)

Hemenway Trust Co LLC boosted its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 0.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 231,681 shares of the industrial products company’s stock after purchasing an additional 169 shares during the period. AptarGroup comprises approximately 2.8% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 16th biggest position. Hemenway Trust Co LLC’s holdings in AptarGroup were worth $32,623,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of AptarGroup in the first quarter worth about $25,000. Global Retirement Partners LLC increased its position in AptarGroup by 8,850.0% in the 1st quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock worth $26,000 after buying an additional 177 shares during the period. Blue Trust Inc. increased its position in AptarGroup by 281.0% in the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company’s stock worth $35,000 after buying an additional 177 shares during the period. Gradient Investments LLC acquired a new position in shares of AptarGroup during the second quarter worth approximately $40,000. Finally, Versant Capital Management Inc boosted its position in shares of AptarGroup by 4,983.3% in the second quarter. Versant Capital Management Inc now owns 305 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 299 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Performance

AptarGroup stock traded up $0.04 during trading hours on Friday, hitting $150.76. The stock had a trading volume of 14,386 shares, compared to its average volume of 292,346. AptarGroup, Inc. has a fifty-two week low of $120.36 and a fifty-two week high of $153.44. The company has a market cap of $9.99 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 3.15 and a beta of 0.57. The company has a 50-day moving average of $145.59 and a two-hundred day moving average of $144.39. The company has a quick ratio of 0.95, a current ratio of 1.36 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.01. The firm had revenue of $910.10 million for the quarter, compared to analyst estimates of $930.15 million. AptarGroup had a net margin of 9.00% and a return on equity of 15.13%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 EPS. On average, equities research analysts anticipate that AptarGroup, Inc. will post 5.36 EPS for the current fiscal year.

AptarGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.19%. This is an increase from AptarGroup’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, July 25th. AptarGroup’s payout ratio is presently 38.63%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on shares of AptarGroup from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th.

Insider Activity

In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $147.56, for a total value of $4,721,920.00. Following the sale, the chief executive officer now owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $147.56, for a total transaction of $4,721,920.00. Following the completion of the transaction, the chief executive officer now directly owns 174,118 shares of the company’s stock, valued at approximately $25,692,852.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Kuhn sold 200 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $150.18, for a total transaction of $30,036.00. Following the sale, the chief financial officer now directly owns 65,552 shares in the company, valued at $9,844,599.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,782 shares of company stock worth $6,603,941. Company insiders own 1.00% of the company’s stock.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.