Norden Group LLC Takes $661,000 Position in AptarGroup, Inc. (NYSE:ATR)

Norden Group LLC acquired a new position in AptarGroup, Inc. (NYSE:ATR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,210 shares of the industrial products company's stock, valued at approximately $661,000.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company's stock valued at $337,502,000 after purchasing an additional 479,193 shares during the last quarter. FMR LLC lifted its position in shares of AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company's stock valued at $298,626,000 after buying an additional 214,097 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of AptarGroup by 88.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 230,775 shares of the industrial products company's stock worth $36,968,000 after acquiring an additional 108,175 shares during the period. Geode Capital Management LLC grew its stake in shares of AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company's stock worth $245,444,000 after acquiring an additional 83,452 shares during the period. Finally, Mawer Investment Management Ltd. increased its holdings in AptarGroup by 7.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company's stock worth $185,516,000 after acquiring an additional 82,934 shares during the last quarter. Institutional investors own 88.52% of the company's stock.

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AptarGroup Price Performance

Shares of NYSE ATR traded up $1.72 during mid-day trading on Friday, reaching $152.87. 480,209 shares of the company were exchanged, compared to its average volume of 389,252. The stock has a market capitalization of $10.16 billion, a PE ratio of 27.59, a PEG ratio of 3.89 and a beta of 0.59. 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 52 week low of $135.96 and a 52 week high of $178.03. The company's 50 day moving average price is $152.14 and its 200 day moving average price is $158.96.

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

AptarGroup Announces Dividend

The firm 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 dividend yield of 1.18%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio is currently 32.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ATR shares. StockNews.com lowered shares of AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Robert W. Baird lowered their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. 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. Raymond James reiterated an "outperform" rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, Bank of America downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price for the company. in a research note on Monday, January 6th. 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.