Rockefeller Capital Management L.P. Increases Holdings in AptarGroup, Inc. (NYSE:ATR)

Rockefeller Capital Management L.P. grew its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,634 shares of the industrial products company's stock after acquiring an additional 5,305 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.18% of AptarGroup worth $18,952,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new position in AptarGroup during the fourth quarter worth about $42,000. Park Place Capital Corp purchased a new stake in shares of AptarGroup during the 4th quarter valued at approximately $67,000. Principal Securities Inc. lifted its holdings in AptarGroup by 328.4% in the fourth 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 during the last quarter. Huntington National Bank lifted its holdings 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 last quarter. Finally, Jones Financial Companies Lllp grew 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 acquiring an additional 447 shares during the period. Hedge funds and other institutional investors own 88.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ATR shares. Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Raymond James restated an "outperform" rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a report 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 price objective for the company. in a research report on Monday, January 6th. 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 data from MarketBeat, AptarGroup presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.60.

AptarGroup Stock Down 0.8 %

Shares of NYSE ATR traded down $1.13 during midday trading on Friday, hitting $143.87. The company's stock had a trading volume of 390,597 shares, compared to its average volume of 307,399. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The business's fifty day simple moving average is $145.60 and its two-hundred day simple moving average is $157.16. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results 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%. On average, equities analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. AptarGroup's dividend payout ratio is currently 32.49%.

AptarGroup Company 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.