Thrivent Financial for Lutherans Raises Stock Position in AptarGroup, Inc. (NYSE:ATR)

Thrivent Financial for Lutherans lifted its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,120 shares of the industrial products company's stock after acquiring an additional 5,158 shares during the period. Thrivent Financial for Lutherans' holdings in AptarGroup were worth $5,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in ATR. Stonebridge Financial Group LLC acquired a new stake in AptarGroup in the 4th quarter valued at approximately $42,000. Park Place Capital Corp purchased a new stake in shares of AptarGroup during the 4th quarter worth $67,000. Principal Securities Inc. increased its holdings in AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after buying an additional 335 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock valued at $93,000 after buying an additional 447 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Raymond James reaffirmed an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Robert W. Baird cut their price objective on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a 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 target price for the company. in a report on Monday, January 6th. Finally, Wells Fargo & Company cut their price target on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Two 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.60.

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AptarGroup Stock Performance

NYSE:ATR traded down $2.53 during midday trading on Friday, reaching $146.83. The stock had a trading volume of 239,805 shares, compared to its average volume of 303,340. 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 stock has a market cap of $9.76 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.89 and a beta of 0.56. The firm has a fifty day simple moving average of $149.87 and a two-hundred day simple moving average of $158.65. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued 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%. On average, equities analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio is presently 32.49%.

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.