Ontario Teachers Pension Plan Board Acquires 8,832 Shares of AptarGroup, Inc. (NYSE:ATR)

Ontario Teachers Pension Plan Board raised its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 89.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,747 shares of the industrial products company's stock after buying an additional 8,832 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in AptarGroup were worth $2,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC increased its holdings in shares of AptarGroup by 0.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company's stock valued at $21,125,000 after acquiring an additional 558 shares during the last quarter. Stifel Financial Corp boosted its stake in AptarGroup by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 4,386 shares of the industrial products company's stock valued at $703,000 after buying an additional 174 shares in the last quarter. MML Investors Services LLC bought a new stake in AptarGroup during the third quarter worth about $209,000. Toronto Dominion Bank grew its holdings in shares of AptarGroup by 15.3% during the third quarter. Toronto Dominion Bank now owns 8,263 shares of the industrial products company's stock worth $1,324,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of AptarGroup in the third quarter valued at $126,000. Hedge funds and other institutional investors own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

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

AptarGroup Trading Down 0.8 %

Shares of AptarGroup stock traded down $1.13 during trading on Friday, reaching $143.87. 390,597 shares of the company were exchanged, compared to its average volume of 307,523. The business has a 50-day moving average price of $145.60 and a 200-day moving average price of $157.15. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 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%. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.25%. AptarGroup's dividend payout ratio (DPR) is currently 32.49%.

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.