Envestnet Asset Management Inc. Grows Holdings in AptarGroup, Inc. (NYSE:ATR)

Envestnet Asset Management Inc. increased its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,359 shares of the industrial products company's stock after purchasing an additional 58,714 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of AptarGroup worth $34,304,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in AptarGroup in the fourth quarter worth about $116,265,000. Jupiter Asset Management Ltd. acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $22,925,000. Raymond James Financial Inc. bought a new stake in AptarGroup during the fourth quarter worth $21,941,000. Geode Capital Management LLC boosted its stake in shares of AptarGroup by 5.8% during the 3rd 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 period. Finally, Handelsbanken Fonder AB increased its stake in shares of AptarGroup by 11.1% during the fourth quarter. Handelsbanken Fonder AB now owns 598,830 shares of the industrial products company's stock worth $94,076,000 after purchasing an additional 60,000 shares during the period. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Stock Down 1.1 %

Shares of ATR stock traded down $1.66 on Thursday, reaching $143.34. 146,081 shares of the company were exchanged, compared to its average volume of 307,238. The company has a 50-day moving average of $145.55 and a 200-day moving average of $157.38. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. 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 market cap of $9.46 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last announced 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 return on equity of 15.56% and a net margin of 10.45%. Analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's dividend payout ratio is presently 32.49%.

Analyst Ratings Changes

ATR has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Robert W. Baird decreased their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Bank of America lowered 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. StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Raymond James reiterated an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $181.60.

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.