8,009 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,009 shares of the industrial products company's stock, valued at approximately $1,258,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATR. Smartleaf Asset Management LLC lifted its stake in shares of AptarGroup by 12.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after buying an additional 72 shares during the period. Blue Trust Inc. raised its position in shares of 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 buying an additional 82 shares during the period. Bessemer Group Inc. boosted its holdings in AptarGroup by 9.1% in the fourth quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after acquiring an additional 86 shares during the last quarter. Hanson & Doremus Investment Management grew its position in AptarGroup by 0.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company's stock valued at $2,621,000 after acquiring an additional 99 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in AptarGroup by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock worth $2,906,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James reduced their price target on shares of AptarGroup from $190.00 to $175.00 and set an "outperform" rating on the stock in a research report on Tuesday. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Robert W. Baird reduced their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, 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 report on Monday, January 6th. 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 stock. Based on data from MarketBeat, AptarGroup has a consensus rating of "Moderate Buy" and a consensus price target of $178.60.

AptarGroup Trading Up 2.6 %

NYSE:ATR opened at $146.25 on Wednesday. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The business's 50-day simple moving average is $145.69 and its 200 day simple moving average is $156.94.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results 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%. As a group, sell-side analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, May 1st. AptarGroup's dividend payout ratio 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.

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