Aster Capital Management DIFC Ltd Acquires Shares of 2,380 AptarGroup, Inc. (NYSE:ATR)

Aster Capital Management DIFC Ltd bought a new stake in AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,380 shares of the industrial products company's stock, valued at approximately $374,000.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in AptarGroup during the 4th quarter worth $42,000. Park Place Capital Corp bought a new stake in shares of AptarGroup in the fourth quarter worth about $67,000. Principal Securities Inc. raised its position in shares of AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after purchasing an additional 335 shares during the period. Huntington National Bank lifted its holdings in shares of AptarGroup by 35.1% during the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 120 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of AptarGroup by 310.4% in the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock valued at $93,000 after purchasing an additional 447 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on ATR shares. Wells Fargo & Company cut their price objective on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Bank of America cut AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Raymond James reissued an "outperform" rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird reduced their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AptarGroup presently has an average rating of "Moderate Buy" and an average price target of $181.60.

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AptarGroup Stock Up 2.5 %

Shares of NYSE ATR traded up $3.46 during trading hours on Friday, hitting $144.22. The company had a trading volume of 203,037 shares, compared to its average volume of 308,223. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. 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 firm's 50 day moving average is $146.01 and its 200-day moving average is $157.66. The stock has a market capitalization of $9.51 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. On average, analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is presently 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.