Brown Brothers Harriman & Co. Buys 42,368 Shares of AptarGroup, Inc. (NYSE:ATR)

Brown Brothers Harriman & Co. lifted its position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 312,955 shares of the industrial products company's stock after purchasing an additional 42,368 shares during the period. Brown Brothers Harriman & Co. owned about 0.47% of AptarGroup worth $49,165,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Analysts Set New Price Targets

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

AptarGroup Stock Up 1.2 %

ATR traded up $1.78 during midday trading on Wednesday, hitting $150.88. The company had a trading volume of 65,473 shares, compared to its average volume of 303,064. The stock's 50 day moving average price is $149.32 and its 200 day moving average price is $158.67. AptarGroup, Inc. has a 52 week low of $135.96 and a 52 week high of $178.03. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.89 and a beta of 0.56. 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 (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.19%. AptarGroup's payout ratio is 32.49%.

AptarGroup 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.