Magnetar Financial LLC Has $488,000 Position in AptarGroup, Inc. (NYSE:ATR)

Magnetar Financial LLC decreased its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 92.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,106 shares of the industrial products company's stock after selling 36,097 shares during the period. Magnetar Financial LLC's holdings in AptarGroup were worth $488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of AptarGroup in the fourth quarter valued at $42,000. Park Place Capital Corp bought a new stake in AptarGroup in the fourth quarter valued at $67,000. Principal Securities Inc. raised its stake in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after acquiring an additional 335 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings 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 acquiring an additional 447 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of AptarGroup by 12.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

AptarGroup Stock Up 0.5 %

Shares of ATR traded up $0.79 during midday trading on Thursday, hitting $149.35. The stock had a trading volume of 312,675 shares, compared to its average volume of 292,985. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The company has a 50 day simple moving average of $150.01 and a two-hundred day simple moving average of $158.71. AptarGroup, Inc. has a twelve month low of $135.96 and a twelve month high of $178.03.

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AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings results 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 return on equity of 15.56% and a net margin of 10.45%. On average, analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's payout ratio is 32.49%.

Analysts Set New Price Targets

A number of research firms recently commented on ATR. Robert W. Baird decreased their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Raymond James restated an "outperform" rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a "buy" rating to a "hold" rating 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 for the company in a report on Monday, February 10th. Finally, Bank of America lowered AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Two research 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $181.60.

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.