Bridges Investment Management Inc. Sells 1,751 Shares of AptarGroup, Inc. (NYSE:ATR)

Bridges Investment Management Inc. trimmed its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,718 shares of the industrial products company's stock after selling 1,751 shares during the period. Bridges Investment Management Inc. owned 0.32% of AptarGroup worth $33,261,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in AptarGroup in the third quarter worth about $25,000. Stonebridge Financial Group LLC bought a new position in shares of AptarGroup in the 4th quarter worth approximately $42,000. Huntington National Bank lifted its stake in shares of AptarGroup by 312.0% in the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 259 shares during the period. Park Place Capital Corp bought a new stake in shares of AptarGroup during the fourth quarter valued at approximately $67,000. Finally, Principal Securities Inc. grew its stake in AptarGroup by 328.4% in 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. Institutional investors own 88.52% of the company's stock.

AptarGroup Stock Up 1.7 %

ATR traded up $2.47 during trading on Wednesday, hitting $148.41. 445,078 shares of the company's stock traded hands, compared to its average volume of 385,126. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.89 and a beta of 0.59. The company's 50 day simple moving average is $152.51 and its two-hundred day simple moving average is $159.09. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

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AptarGroup (NYSE:ATR - Get Free Report) last released 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%. Analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed 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 1.21%. AptarGroup's dividend payout ratio (DPR) is 32.49%.

Analyst Ratings Changes

Several equities analysts have commented on ATR shares. Raymond James reissued an "outperform" rating and set a $190.00 price objective (down previously from $200.00) on shares of AptarGroup 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 target for the company. in a research report on Monday, January 6th. 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. Wells Fargo & Company decreased their target price on shares of 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 cut AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Two investment 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $181.60.

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.