Quarry LP Buys Shares of 1,699 AptarGroup, Inc. (NYSE:ATR)

Quarry LP acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,699 shares of the industrial products company's stock, valued at approximately $267,000.

Several other large investors also recently made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new stake in shares of AptarGroup during the fourth quarter valued at about $42,000. Park Place Capital Corp bought a new stake in shares of AptarGroup during the fourth quarter valued at approximately $67,000. Principal Securities Inc. raised its holdings in shares of AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after buying an additional 335 shares during the last quarter. Huntington National Bank raised its holdings 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 buying an additional 120 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of AptarGroup during the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Trading Down 1.3 %

Shares of NYSE ATR traded down $1.95 during mid-day trading on Thursday, hitting $148.00. 445,322 shares of the company traded hands, compared to its average volume of 303,123. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 26.71, a PEG 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. The business has a 50 day moving average of $146.14 and a two-hundred day moving average of $156.55.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results 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. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business's revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup's dividend payout ratio is currently 32.49%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATR. Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Wells Fargo & Company cut their price target on 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 cut AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a report on Monday, January 6th. Raymond James dropped their target price on AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com cut AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Two research 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.