Hsbc Holdings PLC Sells 1,793 Shares of AptarGroup, Inc. (NYSE:ATR)

Hsbc Holdings PLC cut its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,778 shares of the industrial products company's stock after selling 1,793 shares during the quarter. Hsbc Holdings PLC's holdings in AptarGroup were worth $1,847,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in shares of AptarGroup in the fourth quarter worth about $42,000. Park Place Capital Corp purchased a new position in AptarGroup in the 4th quarter worth approximately $67,000. Principal Securities Inc. lifted its position in AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 335 shares during the last quarter. Huntington National Bank boosted its stake in shares of AptarGroup by 35.1% during the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 120 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock worth $93,000 after purchasing an additional 447 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Up 0.2 %

Shares of ATR stock traded up $0.31 during midday trading on Tuesday, reaching $151.79. 126,820 shares of the stock were exchanged, compared to its average volume of 369,027. The firm has a market cap of $10.01 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. 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 company's 50 day moving average is $146.36 and its two-hundred day moving average is $156.04. 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 announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.16 by $0.04. The business had revenue of $887.31 million during the quarter, compared to analyst estimates of $894.26 million. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. The company's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. On average, equities research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. AptarGroup's payout ratio is 32.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ATR shares. Wells Fargo & Company reissued an "overweight" rating and issued a $170.00 price target (up previously from $162.00) on shares of AptarGroup in a report on Tuesday. Raymond James cut their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird lowered their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Bank of America cut AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. Finally, StockNews.com upgraded AptarGroup from a "hold" rating to a "buy" rating in a report on Monday. One investment analyst has 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, AptarGroup has a consensus rating of "Buy" and an average target price of $178.60.

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.