AptarGroup, Inc. (NYSE:ATR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,667 shares of the industrial products company's stock after selling 4,371 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of AptarGroup worth $17,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in AptarGroup in the 4th quarter worth about $42,000. Park Place Capital Corp purchased a new stake in shares of AptarGroup in the fourth quarter valued at approximately $67,000. Principal Securities Inc. grew its stake in AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after purchasing an additional 335 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in AptarGroup by 310.4% during the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock worth $93,000 after purchasing an additional 447 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in AptarGroup by 12.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 72 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

AptarGroup Stock Up 7.7 %

Shares of NYSE ATR traded up $10.35 during trading hours on Wednesday, hitting $144.01. 491,847 shares of the stock were exchanged, compared to its average volume of 308,040. AptarGroup, Inc. has a 12 month low of $130.85 and a 12 month high of $178.03. The firm has a fifty day moving average price of $146.58 and a 200-day moving average price of $157.86. 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 $9.50 billion, a PE ratio of 25.99, a PEG ratio of 3.89 and a beta of 0.59.

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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 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, sell-side analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is presently 32.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Raymond James reissued an "outperform" rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Robert W. Baird reduced their price target 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. StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America lowered shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective 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 assigned a strong buy rating to the company's stock. According to MarketBeat, AptarGroup presently has a consensus rating of "Moderate Buy" and a consensus price target 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.