Raymond James Financial Inc. Invests $21.94 Million in AptarGroup, Inc. (NYSE:ATR)

Raymond James Financial Inc. purchased a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 139,666 shares of the industrial products company's stock, valued at approximately $21,941,000. Raymond James Financial Inc. owned about 0.21% of AptarGroup as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Stonebridge Financial Group LLC acquired a new stake in shares of AptarGroup in the fourth quarter worth $42,000. Huntington National Bank grew its position in AptarGroup by 312.0% in the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock worth $55,000 after purchasing an additional 259 shares during the last quarter. Park Place Capital Corp bought a new position in shares of AptarGroup during the 4th quarter worth about $67,000. Principal Securities Inc. raised its position 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. Finally, Jones Financial Companies Lllp lifted its stake 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 valued at $93,000 after buying an additional 447 shares during the period. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Price Performance

ATR stock traded up $0.72 during midday trading on Wednesday, reaching $147.02. 182,086 shares of the company's stock traded hands, compared to its average volume of 368,511. The company has a 50-day simple moving average of $150.91 and a two-hundred day simple moving average of $158.96. 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 company has a market cap of $9.78 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03.

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

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio is presently 32.49%.

Wall Street Analysts Forecast Growth

ATR has been the topic of a number of research reports. Bank of America cut AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a research report on Monday, January 6th. Raymond James restated an "outperform" rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Robert W. Baird cut their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Two investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $181.60.

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.