Jupiter Asset Management Ltd. Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Jupiter Asset Management Ltd. purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,924 shares of the industrial products company's stock, valued at approximately $22,925,000. Jupiter Asset Management Ltd. owned approximately 0.22% of AptarGroup as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in AptarGroup by 58.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company's stock worth $2,268,000 after buying an additional 5,248 shares in the last quarter. Natixis Advisors LLC boosted its holdings in AptarGroup by 43.8% during the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company's stock worth $18,182,000 after buying an additional 34,573 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company's stock worth $7,066,000 after buying an additional 12,271 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AptarGroup by 5.8% during 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 buying an additional 83,452 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in AptarGroup during the third quarter worth $1,042,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

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AptarGroup Trading Up 1.4 %

Shares of ATR traded up $2.05 during mid-day trading on Friday, reaching $146.81. The stock had a trading volume of 223,585 shares, compared to its average volume of 289,728. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The business's fifty day moving average is $151.14 and its 200 day moving average is $158.98. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 3.89 and a beta of 0.56.

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 (EPS) for the quarter, beating 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 predict that AptarGroup, Inc. will post 5.57 EPS 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 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's dividend payout ratio is currently 32.49%.

Analysts Set New Price Targets

ATR has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target 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 cut shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Raymond James restated an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, 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 report on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $181.60.

AptarGroup Company 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.