HighTower Advisors LLC Buys 3,802 Shares of AptarGroup, Inc. (NYSE:ATR)

HighTower Advisors LLC boosted its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,234 shares of the industrial products company's stock after purchasing an additional 3,802 shares during the period. HighTower Advisors LLC's holdings in AptarGroup were worth $2,393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ATR. State Street Corp lifted its position in shares of AptarGroup by 0.5% during the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company's stock valued at $462,919,000 after buying an additional 14,001 shares during the last quarter. FMR LLC boosted its position in AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company's stock worth $298,626,000 after purchasing an additional 214,097 shares during the period. Geode Capital Management LLC increased its stake in shares of AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company's stock worth $245,444,000 after purchasing an additional 83,452 shares in the last quarter. Congress Asset Management Co. raised its position in shares of AptarGroup by 4.1% in the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company's stock valued at $110,490,000 after purchasing an additional 27,614 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of AptarGroup by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 642,478 shares of the industrial products company's stock valued at $100,933,000 after buying an additional 50,752 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ATR. StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Bank of America lowered 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. Raymond James reaffirmed an "outperform" rating and set a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Robert W. Baird cut their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AptarGroup has an average rating of "Moderate Buy" and a consensus price target of $181.60.

AptarGroup Price Performance

Shares of AptarGroup stock traded up $1.24 during trading on Wednesday, hitting $148.45. 629,984 shares of the stock traded hands, compared to its average volume of 292,970. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 52 week low of $135.96 and a 52 week high of $178.03. The firm's fifty day moving average is $150.16 and its 200-day moving average is $158.78. 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 announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. Research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. AptarGroup's dividend payout ratio (DPR) 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.