Ameriprise Financial Inc. Has $16.36 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Ameriprise Financial Inc. trimmed its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,113 shares of the industrial products company's stock after selling 2,749 shares during the period. Ameriprise Financial Inc. owned approximately 0.16% of AptarGroup worth $16,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ATR. Stonebridge Financial Group LLC bought a new position in AptarGroup during the 4th quarter valued at $42,000. Park Place Capital Corp bought a new position in AptarGroup during the fourth quarter valued at about $67,000. Principal Securities Inc. grew its holdings in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after acquiring an additional 335 shares during the period. Huntington National Bank raised its position in AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock worth $73,000 after acquiring an additional 120 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in AptarGroup in the 4th quarter valued at about $75,000. 88.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $162.00) on shares of AptarGroup in a research note on Tuesday, May 6th. Raymond James reduced their target price on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised AptarGroup from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Robert W. Baird cut their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $178.60.

AptarGroup Stock Down 0.4%

NYSE:ATR traded down $0.60 during trading hours on Thursday, hitting $155.85. 29,929 shares of the stock traded hands, compared to its average volume of 305,936. The firm has a 50 day moving average price of $148.02 and a 200 day moving average price of $155.10. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 3.89 and a beta of 0.58. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The business had revenue of $887.31 million for the quarter, compared to the consensus estimate of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. AptarGroup's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.15%. AptarGroup's dividend payout ratio (DPR) is presently 32.85%.

Insider Activity

In related news, insider Hedi Tlili sold 3,614 shares of AptarGroup stock in a transaction on Friday, May 16th. The stock was sold at an average price of $155.96, for a total transaction of $563,639.44. Following the completion of the sale, the insider now owns 9,379 shares of the company's stock, valued at approximately $1,462,748.84. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephan B. Tanda sold 17,771 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $151.24, for a total value of $2,687,686.04. Following the completion of the transaction, the chief executive officer now owns 204,986 shares in the company, valued at $31,002,082.64. This trade represents a 7.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,709 shares of company stock worth $5,129,410 in the last 90 days. Company insiders own 0.68% of the company's stock.

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.