Legal & General Group Plc cut its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,914 shares of the industrial products company's stock after selling 9,940 shares during the period. Legal & General Group Plc owned about 0.21% of AptarGroup worth $22,295,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in AptarGroup by 58.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company's stock worth $2,268,000 after purchasing an additional 5,248 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AptarGroup by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company's stock worth $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of AptarGroup by 282.9% in the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company's stock worth $1,068,000 after acquiring an additional 5,024 shares during the period. GAMMA Investing LLC boosted its holdings in AptarGroup by 67.6% in the fourth quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company's stock valued at $157,000 after acquiring an additional 404 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in AptarGroup by 13.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company's stock worth $1,494,000 after purchasing an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.
AptarGroup Stock Down 0.8 %
Shares of ATR traded down $1.13 during trading hours on Friday, hitting $143.87. The stock had a trading volume of 390,597 shares, compared to its average volume of 307,157. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The firm has a market capitalization of $9.49 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The firm has a 50 day simple moving average of $145.57 and a 200-day simple moving average of $157.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95.
AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. Sell-side analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.
AptarGroup Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. AptarGroup's payout ratio is currently 32.49%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Raymond James reissued an "outperform" rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird decreased their price target 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 downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, StockNews.com lowered AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Two 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $181.60.
Read Our Latest Analysis on ATR
AptarGroup Company Profile
(
Free Report)
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.
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