Resona Asset Management Co. Ltd. Acquires New Position in AptarGroup, Inc. (NYSE:ATR)

Resona Asset Management Co. Ltd. purchased a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,507 shares of the industrial products company's stock, valued at approximately $551,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in AptarGroup by 9.8% in the fourth quarter. Wells Fargo & Company MN now owns 122,465 shares of the industrial products company's stock valued at $19,239,000 after acquiring an additional 10,933 shares in the last quarter. Broderick Brian C boosted its holdings in AptarGroup by 2.4% in the fourth quarter. Broderick Brian C now owns 86,147 shares of the industrial products company's stock valued at $13,534,000 after purchasing an additional 1,980 shares during the last quarter. Huntington National Bank raised its stake in shares of AptarGroup by 35.1% during the 4th 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. Groupama Asset Managment lifted its holdings in shares of AptarGroup by 20.9% in the 4th quarter. Groupama Asset Managment now owns 5,397 shares of the industrial products company's stock valued at $846,000 after buying an additional 933 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of AptarGroup in the fourth quarter worth about $3,551,000. Institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

ATR traded down $1.60 during midday trading on Tuesday, hitting $144.19. 90,500 shares of the company traded hands, compared to its average volume of 307,172. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 3.89 and a beta of 0.59. The business has a 50 day simple moving average of $145.76 and a two-hundred day simple moving average of $157.56. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03.

Remove Ads

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, topping the consensus estimate 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 analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.25%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio is currently 32.49%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATR. Raymond James reissued an "outperform" rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company decreased their target price on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research note 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 on the stock. in a research report on Monday, January 6th. Robert W. Baird cut their price objective on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, StockNews.com lowered shares of AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AptarGroup has a consensus rating of "Moderate Buy" and an average target price 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.