AptarGroup, Inc. (NYSE:ATR) Shares Sold by Cornerstone Capital Inc.

Cornerstone Capital Inc. trimmed its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,010 shares of the industrial products company's stock after selling 20,095 shares during the period. AptarGroup comprises approximately 1.7% of Cornerstone Capital Inc.'s holdings, making the stock its 27th biggest holding. Cornerstone Capital Inc. owned 0.16% of AptarGroup worth $16,340,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ATR. Smartleaf Asset Management LLC raised its holdings in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock worth $102,000 after acquiring an additional 72 shares during the last quarter. Blue Trust Inc. raised its stake in AptarGroup by 9.3% in the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 82 shares during the last quarter. Bessemer Group Inc. lifted its holdings in AptarGroup by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after purchasing an additional 86 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in shares of AptarGroup by 0.6% during the 4th quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company's stock worth $2,621,000 after purchasing an additional 99 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of AptarGroup by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock worth $2,906,000 after buying an additional 100 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Up 1.3 %

AptarGroup stock traded up $1.97 during midday trading on Thursday, hitting $150.02. 134,316 shares of the stock were exchanged, compared to its average volume of 369,243. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The company has a 50 day moving average price of $145.76 and a two-hundred day moving average price of $156.88. The firm has a market cap of $9.90 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, May 1st. AptarGroup's dividend payout ratio is currently 32.49%.

Analyst Upgrades and Downgrades

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

AptarGroup Company 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.