Invesco Ltd. Has $31.51 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Invesco Ltd. lowered its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 200,571 shares of the industrial products company's stock after selling 39,982 shares during the period. Invesco Ltd. owned approximately 0.30% of AptarGroup worth $31,510,000 as of its most recent filing with the SEC.

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

AptarGroup Price Performance

Shares of AptarGroup stock traded up $2.66 during midday trading on Wednesday, reaching $148.68. The company had a trading volume of 27,367 shares, compared to its average volume of 365,751. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $145.69 and a 200 day simple moving average of $156.94. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS 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 forecast 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 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 payout ratio is presently 32.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Bank of America cut shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Raymond James dropped their price objective on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Two equities research 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $178.60.

About AptarGroup

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.