Townsquare Capital LLC Invests $2.40 Million in AptarGroup, Inc. (NYSE:ATR)

Townsquare Capital LLC purchased a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,297 shares of the industrial products company's stock, valued at approximately $2,403,000.

Several other institutional investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its holdings in shares of AptarGroup by 4.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 120,634 shares of the industrial products company's stock worth $18,952,000 after acquiring an additional 5,305 shares during the last quarter. Sterling Capital Management LLC increased its stake in AptarGroup by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,912 shares of the industrial products company's stock worth $615,000 after purchasing an additional 1,394 shares in the last quarter. Argent Trust Co raised its holdings in AptarGroup by 22.9% during the 4th quarter. Argent Trust Co now owns 2,187 shares of the industrial products company's stock worth $344,000 after buying an additional 407 shares during the period. Treasurer of the State of North Carolina raised its holdings in AptarGroup by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,028 shares of the industrial products company's stock worth $4,560,000 after buying an additional 190 shares during the period. Finally, Bessemer Group Inc. lifted its stake in AptarGroup by 9.1% during the fourth quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after buying an additional 86 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

AptarGroup Stock Performance

ATR stock traded down $0.56 during midday trading on Monday, hitting $143.27. 20,216 shares of the company traded hands, compared to its average volume of 306,413. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The business has a 50 day simple moving average of $145.60 and a 200-day simple moving average of $157.14.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup's dividend payout ratio is 32.49%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ATR. Bank of America lowered shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a report on Monday, January 6th. Raymond James restated an "outperform" rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company lowered their price target on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $181.60.

AptarGroup Profile

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.