Bank of New York Mellon Corp Acquires 50,752 Shares of AptarGroup, Inc. (NYSE:ATR)

Bank of New York Mellon Corp boosted its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,478 shares of the industrial products company's stock after purchasing an additional 50,752 shares during the quarter. Bank of New York Mellon Corp owned about 0.97% of AptarGroup worth $100,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning raised its holdings in AptarGroup by 13.6% during the third quarter. Creative Planning now owns 3,889 shares of the industrial products company's stock worth $623,000 after purchasing an additional 467 shares during the last quarter. Howard Capital Management Group LLC lifted its position in AptarGroup by 0.4% during the third quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company's stock worth $21,125,000 after buying an additional 558 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in AptarGroup by 2.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,909 shares of the industrial products company's stock worth $1,427,000 after purchasing an additional 243 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in AptarGroup by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 7,681 shares of the industrial products company's stock valued at $1,230,000 after acquiring an additional 520 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of AptarGroup by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,849 shares of the industrial products company's stock worth $6,345,000 after purchasing an additional 10,815 shares during the period. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James restated an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Bank of America lowered AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a 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 for the company in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $181.60.

AptarGroup Trading Up 1.7 %

Shares of NYSE:ATR traded up $2.47 during mid-day trading on Wednesday, hitting $148.41. The stock had a trading volume of 445,078 shares, compared to its average volume of 385,126. The company's 50 day moving average is $152.29 and its 200-day moving average is $159.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The company has a market cap of $9.87 billion, a PE ratio of 26.79, a P/E/G ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 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, sell-side analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, February 5th. AptarGroup's payout ratio is presently 32.49%.

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.