JPMorgan Chase & Co. Trims Stock Position in AptarGroup, Inc. (NYSE:ATR)

JPMorgan Chase & Co. cut its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,211 shares of the industrial products company's stock after selling 36,619 shares during the quarter. JPMorgan Chase & Co. owned 0.91% of AptarGroup worth $95,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in AptarGroup by 14.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,350 shares of the industrial products company's stock valued at $3,511,000 after acquiring an additional 2,778 shares during the period. Zions Bancorporation N.A. increased its holdings in shares of AptarGroup by 18.7% in the 4th quarter. Zions Bancorporation N.A. now owns 14,790 shares of the industrial products company's stock valued at $2,324,000 after purchasing an additional 2,330 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of AptarGroup by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock valued at $1,132,222,000 after purchasing an additional 58,777 shares during the period. LPL Financial LLC boosted its holdings in AptarGroup by 18.7% during the fourth quarter. LPL Financial LLC now owns 42,783 shares of the industrial products company's stock worth $6,706,000 after buying an additional 6,742 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in AptarGroup during the fourth quarter worth about $2,514,000. Institutional investors and hedge funds own 88.52% of the company's stock.

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AptarGroup Price Performance

Shares of NYSE ATR traded down $5.50 during trading on Monday, reaching $134.69. The company had a trading volume of 629,909 shares, compared to its average volume of 306,404. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $8.88 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The stock has a 50-day moving average price of $148.10 and a two-hundred day moving average price of $158.38.

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, beating 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%. As a group, sell-side analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently announced 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. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.34%. AptarGroup's dividend payout ratio (DPR) is currently 32.49%.

Analysts Set New Price Targets

ATR has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Raymond James reaffirmed an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Bank of America lowered 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. StockNews.com cut AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Robert W. Baird decreased their price objective on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.60.

About AptarGroup

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.