MetLife Investment Management LLC raised its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,502 shares of the industrial products company's stock after purchasing an additional 3,196 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of AptarGroup worth $5,892,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in AptarGroup in the 4th quarter valued at $42,000. Park Place Capital Corp acquired a new stake in shares of AptarGroup during the 4th quarter valued at about $67,000. Principal Securities Inc. boosted its position in shares of AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 335 shares in the last quarter. Huntington National Bank increased its stake in AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 120 shares during the period. Finally, Jones Financial Companies Lllp raised 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 in the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.
AptarGroup Price Performance
AptarGroup stock traded down $2.29 on Friday, reaching $149.17. The company's stock had a trading volume of 220,485 shares, compared to its average volume of 304,440. The business's fifty day moving average price is $145.94 and its 200 day moving average price is $156.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03.
AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.
AptarGroup Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup's dividend payout ratio is currently 32.49%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on ATR shares. Bank of America lowered AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Robert W. Baird lowered 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 dropped their price objective on AptarGroup from $190.00 to $175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company dropped their target price 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 investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.60.
Check Out Our Latest Report 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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