AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 721,785 shares of the industrial products company's stock after buying an additional 111,244 shares during the quarter. Federated Hermes Inc. owned 1.08% of AptarGroup worth $113,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new stake in shares of AptarGroup during the fourth quarter worth about $42,000. Park Place Capital Corp acquired a new stake in AptarGroup in the 4th quarter worth approximately $67,000. Principal Securities Inc. grew 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. Huntington National Bank increased its stake in 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 raised its holdings in shares of AptarGroup by 310.4% in the fourth 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 last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ATR. Robert W. Baird dropped 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. Bank of America downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a research note on Monday, January 6th. StockNews.com cut AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Raymond James reaffirmed an "outperform" rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target 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. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $181.60.

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AptarGroup Stock Performance

AptarGroup stock traded up $2.42 during midday trading on Friday, hitting $143.18. 61,061 shares of the company were exchanged, compared to its average volume of 307,505. The business has a fifty day simple moving average of $146.28 and a two-hundred day simple moving average of $157.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The firm has a market capitalization of $9.45 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a fifty-two week low of $130.85 and a fifty-two week high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping 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, sell-side analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's payout ratio is currently 32.49%.

About AptarGroup

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.