Legal & General Group Plc decreased its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 141,914 shares of the industrial products company's stock after selling 9,940 shares during the period. Legal & General Group Plc owned approximately 0.21% of AptarGroup worth $22,295,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock worth $1,132,222,000 after acquiring an additional 58,777 shares during the period. FMR LLC raised its stake in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company's stock worth $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Geode Capital Management LLC grew its position in AptarGroup by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company's stock valued at $248,570,000 after buying an additional 40,268 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of AptarGroup by 4.4% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company's stock valued at $189,895,000 after acquiring an additional 50,651 shares in the last quarter. Finally, Norges Bank acquired a new position in AptarGroup during the 4th quarter worth approximately $116,265,000. Hedge funds and other institutional investors own 88.52% of the company's stock.
AptarGroup Trading Up 1.0 %
NYSE ATR traded up $1.47 during mid-day trading on Wednesday, reaching $145.41. 307,681 shares of the stock were exchanged, compared to its average volume of 307,749. The stock has a market capitalization of $9.59 billion, a PE ratio of 26.25, a PEG ratio of 3.89 and a beta of 0.59. 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 1-year low of $130.85 and a 1-year high of $178.03. The business's fifty day simple moving average is $145.51 and its 200 day simple moving average is $157.47.
AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (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, research analysts anticipate 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 was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio is currently 32.49%.
Analysts Set New Price Targets
ATR has been the subject of several research analyst reports. StockNews.com cut AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America cut shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a research note on Monday, January 6th. Robert W. Baird lowered their target price 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. Wells Fargo & Company cut their price target on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Raymond James restated an "outperform" rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.60.
Read Our Latest Stock Analysis on AptarGroup
AptarGroup Profile
(
Free Report)
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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