Fmr LLC Buys 617,365 Shares of AptarGroup, Inc. (NYSE:ATR)

FMR LLC grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,481,563 shares of the industrial products company's stock after acquiring an additional 617,365 shares during the period. FMR LLC owned about 3.73% of AptarGroup worth $389,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in AptarGroup in the 4th quarter worth $42,000. Park Place Capital Corp bought a new stake in shares of AptarGroup in the fourth quarter valued at about $67,000. Principal Securities Inc. boosted its stake 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 valued at $69,000 after purchasing an additional 335 shares in the last quarter. Huntington National Bank increased its holdings in shares of AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 120 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of AptarGroup by 310.4% during the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock valued at $93,000 after buying an additional 447 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ATR. 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 report on Monday, January 6th. StockNews.com lowered AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research report 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 research note on Monday, February 10th. Finally, Robert W. Baird lowered 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. Two investment 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $181.60.

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AptarGroup Stock Performance

ATR stock traded up $1.05 during mid-day trading on Wednesday, reaching $144.99. The company had a trading volume of 85,564 shares, compared to its average volume of 370,078. 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 stock's 50-day simple moving average is $145.51 and its two-hundred day simple moving average is $157.47. The stock has a market capitalization of $9.56 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03.

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

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's dividend payout ratio is currently 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.