Proficio Capital Partners LLC Makes New $3.36 Million Investment in AptarGroup, Inc. (NYSE:ATR)

Proficio Capital Partners LLC bought a new stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,366 shares of the industrial products company's stock, valued at approximately $3,357,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in AptarGroup by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company's stock worth $317,000 after acquiring an additional 68 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in AptarGroup by 12.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock worth $102,000 after acquiring an additional 72 shares during the last quarter. Commerce Bank increased its stake in AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company's stock worth $376,000 after acquiring an additional 75 shares during the last quarter. Blue Trust Inc. increased its stake in AptarGroup by 9.3% in the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock worth $154,000 after acquiring an additional 82 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in AptarGroup by 0.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company's stock worth $2,621,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

Remove Ads

AptarGroup Trading Down 0.1 %

Shares of NYSE ATR traded down $0.13 during trading hours on Friday, hitting $145.07. 601,908 shares of the company traded hands, compared to its average volume of 290,887. The company's 50 day moving average price is $150.42 and its 200 day moving average price is $158.72. AptarGroup, Inc. has a 12 month low of $135.96 and a 12 month high of $178.03. 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 stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data 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 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, February 5th. AptarGroup's payout ratio is currently 32.49%.

Wall Street Analyst Weigh In

ATR has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective 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 note on Monday, February 10th. Raymond James reaffirmed 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. Bank of America downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price on the stock. in a research report on Monday, January 6th. Finally, Robert W. Baird cut their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $181.60.

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.