Mawer Investment Management Ltd. Boosts Stake in AptarGroup, Inc. (NYSE:ATR)

Mawer Investment Management Ltd. grew its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,208,753 shares of the industrial products company's stock after purchasing an additional 50,651 shares during the period. Mawer Investment Management Ltd. owned about 1.82% of AptarGroup worth $189,895,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ATR. Stonebridge Financial Group LLC purchased a new stake in AptarGroup in the 4th quarter valued at about $42,000. Park Place Capital Corp purchased a new stake in shares of AptarGroup during the fourth quarter valued at approximately $67,000. Principal Securities Inc. lifted its holdings 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 during the period. Jones Financial Companies Lllp boosted its position in AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock worth $93,000 after purchasing an additional 447 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock worth $102,000 after purchasing an additional 72 shares during the last quarter. 88.52% of the stock is owned by institutional investors.

AptarGroup Price Performance

Shares of AptarGroup stock traded down $1.22 on Thursday, reaching $149.31. The stock had a trading volume of 111,470 shares, compared to its average volume of 303,422. The business's 50 day moving average is $149.15 and its two-hundred day moving average is $158.61. The company has a market cap of $9.93 billion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year 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.

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AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate 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 EPS for the current year.

AptarGroup Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.