Massachusetts Financial Services Co. MA lowered its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,674 shares of the industrial products company's stock after selling 18,101 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.32% of AptarGroup worth $33,411,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company's stock valued at $2,268,000 after purchasing an additional 5,248 shares during the period. Geode Capital Management LLC lifted 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 valued at $245,444,000 after buying an additional 83,452 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of AptarGroup by 282.9% in the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company's stock valued at $1,068,000 after buying an additional 5,024 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of AptarGroup by 67.6% during the fourth quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company's stock valued at $157,000 after buying an additional 404 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company's stock worth $1,480,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.
AptarGroup Stock Performance
AptarGroup stock traded up $3.46 during mid-day trading on Friday, reaching $144.22. 203,037 shares of the company's stock were exchanged, compared to its average volume of 308,223. The business's fifty day simple moving average is $146.01 and its 200 day simple moving average is $157.66. 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, Inc. has a one year low of $130.85 and a one year high of $178.03. The firm has a market capitalization of $9.51 billion, a PE ratio of 26.03, a P/E/G ratio of 3.89 and a beta of 0.59.
AptarGroup (NYSE:ATR - Get Free Report) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS 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, sell-side analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current year.
AptarGroup Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's payout ratio is 32.49%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Bank of America cut shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a research report on Monday, January 6th. StockNews.com lowered AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Raymond James reiterated an "outperform" rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Robert W. Baird lowered their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their price objective on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $181.60.
Read Our Latest Stock Analysis on AptarGroup
About AptarGroup
(
Free Report)
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.
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