Mitsubishi UFJ Asset Management Co. Ltd. Has $2.29 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,742 shares of the industrial products company's stock after selling 5,040 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in AptarGroup were worth $2,292,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ATR. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of AptarGroup by 14.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,350 shares of the industrial products company's stock worth $3,511,000 after buying an additional 2,778 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in AptarGroup by 18.7% during the fourth quarter. Zions Bancorporation N.A. now owns 14,790 shares of the industrial products company's stock worth $2,324,000 after purchasing an additional 2,330 shares in the last quarter. Vanguard Group Inc. raised its holdings in AptarGroup by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company's stock worth $1,132,222,000 after purchasing an additional 58,777 shares in the last quarter. LPL Financial LLC lifted its position in AptarGroup by 18.7% in the fourth quarter. LPL Financial LLC now owns 42,783 shares of the industrial products company's stock worth $6,706,000 after purchasing an additional 6,742 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in AptarGroup during the 4th quarter valued at $2,514,000. Institutional investors and hedge funds own 88.52% of the company's stock.

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Wall Street Analyst Weigh In

ATR has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Robert W. Baird lowered their price objective on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Raymond James reissued an "outperform" rating and set a $190.00 target price (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Finally, Bank of America cut shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price for the company. in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $181.60.

AptarGroup Trading Down 5.8 %

Shares of AptarGroup stock traded down $8.58 during trading on Friday, hitting $140.09. The stock had a trading volume of 531,626 shares, compared to its average volume of 305,110. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.24 billion, a PE ratio of 25.29, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03. The stock has a 50 day simple moving average of $148.57 and a 200 day simple moving average of $158.53.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (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%. On average, research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.28%. AptarGroup's payout ratio is presently 32.49%.

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.