8,009 Shares in AptarGroup, Inc. (NYSE:ATR) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,009 shares of the industrial products company's stock, valued at approximately $1,258,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in AptarGroup in the 4th quarter worth about $116,265,000. FMR LLC grew its stake in shares of AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock worth $389,854,000 after acquiring an additional 617,365 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of AptarGroup during the fourth quarter valued at approximately $22,925,000. Raymond James Financial Inc. bought a new position in AptarGroup during the fourth quarter valued at approximately $21,941,000. Finally, Federated Hermes Inc. boosted its holdings in AptarGroup by 18.2% in the fourth quarter. Federated Hermes Inc. now owns 721,785 shares of the industrial products company's stock worth $113,392,000 after purchasing an additional 111,244 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of research reports. Bank of America cut AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. StockNews.com lowered shares of AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Wells Fargo & Company dropped their price objective on shares of 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 reduced their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Raymond James dropped their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.60.

AptarGroup Price Performance

Shares of AptarGroup stock traded up $0.23 during trading hours on Monday, hitting $149.29. The company's stock had a trading volume of 41,073 shares, compared to its average volume of 367,022. AptarGroup, Inc. has a 12-month low of $130.85 and a 12-month high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The company has a market cap of $9.85 billion, a PE ratio of 26.95, a PEG ratio of 3.89 and a beta of 0.59. The business has a 50 day moving average price of $145.94 and a two-hundred day moving average price of $156.73.

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

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. AptarGroup's dividend payout ratio (DPR) is presently 32.49%.

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.