Jump Financial LLC Lowers Holdings in AptarGroup, Inc. (NYSE:ATR)

Jump Financial LLC cut its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 92.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,575 shares of the industrial products company's stock after selling 18,132 shares during the period. Jump Financial LLC's holdings in AptarGroup were worth $247,000 at the end of the most recent quarter.

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 increased 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 worth $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in AptarGroup in the 4th quarter valued at about $22,925,000. Raymond James Financial Inc. acquired a new position in AptarGroup in the fourth quarter valued at about $21,941,000. Finally, Federated Hermes Inc. lifted its position in AptarGroup by 18.2% in the fourth quarter. Federated Hermes Inc. now owns 721,785 shares of the industrial products company's stock valued at $113,392,000 after buying an additional 111,244 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

AptarGroup Stock Down 0.7 %

NYSE ATR traded down $1.06 during trading on Thursday, reaching $148.44. 185,769 shares of the company's stock were exchanged, compared to its average volume of 302,383. The company has a 50 day moving average price of $146.14 and a two-hundred day moving average price of $156.55. The stock has a market cap of $9.79 billion, a P/E ratio of 26.81, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. On average, equities research analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. AptarGroup's dividend payout ratio (DPR) is presently 32.49%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ATR. Bank of America lowered shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Robert W. Baird dropped their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Raymond James reduced their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.