Great Lakes Advisors LLC Sells 40,459 Shares of AptarGroup, Inc. (NYSE:ATR)

Great Lakes Advisors LLC reduced its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,068 shares of the industrial products company's stock after selling 40,459 shares during the quarter. Great Lakes Advisors LLC owned about 0.08% of AptarGroup worth $8,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ATR. Howard Capital Management Group LLC boosted its position in shares of AptarGroup by 0.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company's stock worth $21,125,000 after purchasing an additional 558 shares in the last quarter. Atria Investments Inc boosted its position in shares of AptarGroup by 42.5% in the 3rd quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company's stock worth $689,000 after purchasing an additional 1,283 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in AptarGroup by 42.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company's stock worth $102,000 after acquiring an additional 191 shares during the last quarter. Entropy Technologies LP purchased a new position in AptarGroup in the 3rd quarter worth approximately $1,042,000. Finally, Aigen Investment Management LP purchased a new position in AptarGroup in the 3rd quarter worth approximately $226,000. 88.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ATR has been the subject of a number of recent analyst reports. Robert W. Baird decreased 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. Raymond James restated an "outperform" rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, February 10th. StockNews.com lowered 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 target price for the company. in a research note on Monday, January 6th. Two equities research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $181.60.

Remove Ads

AptarGroup Stock Performance

Shares of NYSE:ATR traded up $2.05 during midday trading on Friday, hitting $146.81. The company had a trading volume of 223,585 shares, compared to its average volume of 289,728. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The company has a fifty day moving average of $151.14 and a two-hundred day moving average of $158.98.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.56% and a net margin of 10.45%. On average, equities research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, February 5th. 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.