Btim Corp. Lowers stake in AptarGroup (ATR)

AptarGroup (ATR) : Btim Corp. reduced its stake in AptarGroup by 0.51% during the most recent quarter end. The investment management company now holds a total of 624,264 shares of AptarGroup which is valued at $47,462,792 after selling 3,216 shares in AptarGroup , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.AptarGroup makes up approximately 0.80% of Btim Corp.’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in ATR by selling 52 shares or 27.66% in the most recent quarter. The Hedge Fund company now holds 136 shares of ATR which is valued at $10,280.Creative Planning boosted its stake in ATR in the latest quarter, The investment management firm added 246 additional shares and now holds a total of 300 shares of AptarGroup which is valued at $22,521.Oregon Public Employees Retirement Fund reduced its stake in ATR by selling 4,345 shares or 16.62% in the most recent quarter. The Hedge Fund company now holds 21,802 shares of ATR which is valued at $1,655,862. AptarGroup makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Independent Portfolio Consultants boosted its stake in ATR in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 2,115 shares of AptarGroup which is valued at $160,973. AptarGroup makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.

AptarGroup opened for trading at $75.62 and hit $76.32 on the upside on Friday, eventually ending the session at $76.03, with a gain of 0.58% or 0.44 points. The heightened volatility saw the trading volume jump to 1,76,818 shares. Company has a market cap of $4,785 M.

On the company’s financial health, AptarGroup reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $620.00 million for the quarter, compared to analysts expectations of $620.24 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Many Wall Street Analysts have commented on AptarGroup. Jefferies Initiated AptarGroup on Oct 13, 2016 to “Hold”, Price Target of the shares are set at $83.

AptarGroup Inc. is a solution provider of a range of packaging delivery solutions for the beauty personal care home care prescription drug consumer health care injectables food and beverage markets. The Company has manufacturing facilities located throughout the world including North America Europe Asia and South America. It offers various dispensing and sealing solutions. Its primary products are dispensing pumps closures aerosol valves and elastomer primary packaging components. It also manufactures and sells elastomer primary packaging components which include stoppers for infusion antibiotic lyophilization and diagnostic vials. Its elastomer components also include pre-filled syringe components such as plungers needle shields tip caps and cartridges as well as dropper bulbs and disposable syringe plungers. The Company’s segments include Beauty + Home Pharma and Food + Beverage.

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