Howard Capital Management buys $9,196,358 stake in AptarGroup (ATR)

AptarGroup (ATR) : Howard Capital Management scooped up 1,028 additional shares in AptarGroup during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 114,525 shares of AptarGroup which is valued at $9,196,358.AptarGroup makes up approximately 1.70% of Howard Capital Management’s portfolio.

Other Hedge Funds, Including , Albert D Mason Inc boosted its stake in ATR in the latest quarter, The investment management firm added 3,266 additional shares and now holds a total of 37,414 shares of AptarGroup which is valued at $3,004,344. AptarGroup makes up approx 1.83% of Albert D Mason Inc’s portfolio.Gofen Glossberg Il boosted its stake in ATR in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 42,169 shares of AptarGroup which is valued at $3,383,219. AptarGroup makes up approx 0.14% of Gofen Glossberg Il’s portfolio.Weaver C. Barksdale Associates boosted its stake in ATR in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 153 shares of AptarGroup which is valued at $12,275. AptarGroup makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.Ct Mason reduced its stake in ATR by selling 6,021 shares or 52.18% in the most recent quarter. The Hedge Fund company now holds 5,518 shares of ATR which is valued at $440,281. AptarGroup makes up approx 0.18% of Ct Mason’s portfolio.

AptarGroup opened for trading at $79.56 and hit $80.72 on the upside on Wednesday, eventually ending the session at $80.3, with a gain of 0.85% or 0.68 points. The heightened volatility saw the trading volume jump to 1,91,179 shares. Company has a market cap of $5,071 M.

On the company’s financial health, AptarGroup reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $582.40 million for the quarter, compared to analysts expectations of $586.72 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Jul 13, 2016, AptarGroup announced a cash dividend of $0.3000. The company’s management has announced Jul 25, 2016 as the ex-dividend date and fixed the record date on Jul 27, 2016. The payable date has been fixed on Aug 17, 2016.

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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