Headlands Technologies LLC Acquires Shares of 2,645 AptarGroup, Inc. (NYSE:ATR)

Headlands Technologies LLC acquired a new stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,645 shares of the industrial products company's stock, valued at approximately $416,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of AptarGroup during the 4th quarter worth approximately $116,265,000. Jupiter Asset Management Ltd. purchased a new position in AptarGroup in the 4th quarter worth about $22,925,000. Raymond James Financial Inc. bought a new position in AptarGroup during the fourth quarter valued at approximately $21,941,000. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $245,444,000 after buying an additional 83,452 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in AptarGroup by 11.1% in the fourth quarter. Handelsbanken Fonder AB now owns 598,830 shares of the industrial products company's stock valued at $94,076,000 after acquiring an additional 60,000 shares during the period. Institutional investors own 88.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Raymond James reaffirmed an "outperform" rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Bank of America lowered shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price for the company. in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on 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

Shares of NYSE ATR traded up $10.35 during trading on Wednesday, reaching $144.01. 491,847 shares of the company traded hands, compared to its average volume of 308,040. AptarGroup, Inc. has a 12-month low of $130.85 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. The stock has a market cap of $9.50 billion, a P/E ratio of 25.99, a PEG ratio of 3.89 and a beta of 0.59. The firm's fifty day simple moving average is $146.58 and its 200 day simple moving average is $157.86.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.45% and a return on equity of 15.56%. As a group, research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's payout ratio is 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.