US Bancorp DE Grows Holdings in AptarGroup, Inc. (NYSE:ATR)

US Bancorp DE lifted its stake in AptarGroup, Inc. (NYSE:ATR - Free Report) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,141 shares of the industrial products company's stock after purchasing an additional 6,545 shares during the period. US Bancorp DE's holdings in AptarGroup were worth $3,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in AptarGroup in the third quarter valued at $25,000. Stonebridge Financial Group LLC purchased a new position in AptarGroup during the 4th quarter valued at about $42,000. Huntington National Bank lifted its holdings in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 259 shares in the last quarter. Park Place Capital Corp purchased a new position in shares of AptarGroup during the 4th quarter worth approximately $67,000. Finally, Principal Securities Inc. raised 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 worth $69,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company's stock.

AptarGroup Stock Down 1.4 %

Shares of ATR stock traded down $2.16 during trading hours on Monday, reaching $150.62. The company had a trading volume of 391,055 shares, compared to its average volume of 389,292. The company has a market capitalization of $10.02 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a twelve month low of $135.96 and a twelve month high of $178.03. The stock's fifty day simple moving average is $152.03 and its 200 day simple moving average is $159.15.

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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, beating analysts' consensus estimates 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, sell-side analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. AptarGroup's payout ratio is currently 32.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ATR shares. Wells Fargo & Company dropped their price objective on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company 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 reaffirmed an "outperform" rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird reduced their target price on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Bank of America cut 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $181.60.

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.