Puzo Michael J cut its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,754 shares of the industrial products company's stock after selling 3,722 shares during the period. AptarGroup makes up approximately 3.2% of Puzo Michael J's portfolio, making the stock its 10th biggest position. Puzo Michael J owned approximately 0.11% of AptarGroup worth $11,587,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Broderick Brian C grew its holdings in AptarGroup by 2.4% in the fourth quarter. Broderick Brian C now owns 86,147 shares of the industrial products company's stock worth $13,534,000 after purchasing an additional 1,980 shares during the period. Huntington National Bank grew its stake in shares of AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after buying an additional 120 shares during the period. Groupama Asset Managment grew its stake in shares of AptarGroup by 20.9% in the 4th quarter. Groupama Asset Managment now owns 5,397 shares of the industrial products company's stock valued at $846,000 after buying an additional 933 shares during the period. Trexquant Investment LP bought a new stake in AptarGroup in the 4th quarter valued at about $3,551,000. Finally, Headlands Technologies LLC acquired a new position in AptarGroup during the 4th quarter worth approximately $416,000. Institutional investors and hedge funds own 88.52% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Raymond James restated an "outperform" rating and set a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Bank of America lowered shares of 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. Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective 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, StockNews.com lowered AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AptarGroup presently has an average rating of "Moderate Buy" and an average price target of $181.60.
Read Our Latest Analysis on AptarGroup
AptarGroup Stock Performance
NYSE ATR traded up $1.69 during trading hours on Wednesday, reaching $135.35. 108,623 shares of the company were exchanged, compared to its average volume of 306,321. The stock has a market capitalization of $8.93 billion, a P/E ratio of 24.47, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The business's 50 day simple moving average is $147.12 and its 200-day simple moving average is $158.04.
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, beating 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 earnings per share for the current year.
AptarGroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is currently 32.49%.
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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