New Age Alpha Advisors LLC Acquires Shares of 50,648 AptarGroup, Inc. (NYSE:ATR)

New Age Alpha Advisors LLC purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 50,648 shares of the industrial products company's stock, valued at approximately $7,957,000. New Age Alpha Advisors LLC owned 0.08% of AptarGroup at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in AptarGroup by 12.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock worth $102,000 after acquiring an additional 72 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of AptarGroup by 9.3% during the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 82 shares in the last quarter. Hanson & Doremus Investment Management boosted its stake in shares of AptarGroup by 0.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company's stock valued at $2,621,000 after purchasing an additional 99 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in AptarGroup by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company's stock valued at $2,906,000 after buying an additional 100 shares during the period. Finally, CIBC Asset Management Inc raised its stake in AptarGroup by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,079 shares of the industrial products company's stock worth $327,000 after buying an additional 102 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

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

AptarGroup Stock Performance

Shares of AptarGroup stock traded up $0.38 during midday trading on Tuesday, hitting $148.76. The company had a trading volume of 53,349 shares, compared to its average volume of 302,865. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. 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 fifty day simple moving average of $149.53 and a 200 day simple moving average of $158.69.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 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%. As a group, analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is 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.