Corebridge Financial Inc. lowered its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,292 shares of the industrial products company's stock after selling 3,212 shares during the period. Corebridge Financial Inc. owned 0.11% of AptarGroup worth $11,828,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock worth $1,132,222,000 after purchasing an additional 58,777 shares during the last quarter. State Street Corp raised its position in shares of AptarGroup by 0.5% during the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company's stock worth $462,919,000 after purchasing an additional 14,001 shares during the period. FMR LLC raised its holdings in shares of AptarGroup by 13.0% in the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company's stock worth $298,626,000 after acquiring an additional 214,097 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company's stock worth $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Finally, Congress Asset Management Co. lifted its position in shares of AptarGroup by 4.1% during the 4th quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company's stock worth $110,490,000 after buying an additional 27,614 shares in the last quarter. Institutional investors own 88.52% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ATR. Bank of America downgraded shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. Wells Fargo & Company reduced their price objective 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. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James reiterated an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Finally, Robert W. Baird cut their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Two 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.60.
View Our Latest Report on ATR
AptarGroup Price Performance
Shares of ATR stock traded down $2.53 on Friday, reaching $146.83. The company's stock had a trading volume of 239,805 shares, compared to its average volume of 303,562. The company has a market capitalization of $9.76 billion, a P/E ratio of 26.50, a PEG ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The stock's 50 day simple moving average is $149.69 and its 200-day simple moving average is $158.71. 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 issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict 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 1.23%. The ex-dividend date was Wednesday, February 5th. AptarGroup's payout ratio is currently 32.49%.
AptarGroup Profile
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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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