Vestcor Inc Takes Position in AptarGroup, Inc. (NYSE:ATR)

Vestcor Inc acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,980 shares of the industrial products company's stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of AptarGroup by 0.5% during the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company's stock worth $462,919,000 after acquiring an additional 14,001 shares in the last quarter. FMR LLC raised its holdings in shares of AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company's stock worth $298,626,000 after acquiring an additional 214,097 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AptarGroup by 5.8% during the third 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 in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of AptarGroup by 7.7% during the third 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 in the last quarter. Finally, Congress Asset Management Co. raised its holdings in shares of AptarGroup by 4.1% during the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company's stock worth $110,490,000 after acquiring an additional 27,614 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

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AptarGroup Stock Performance

Shares of NYSE ATR traded down $1.86 during mid-day trading on Thursday, hitting $145.12. The company had a trading volume of 332,777 shares, compared to its average volume of 289,343. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The business's 50-day simple moving average is $150.77 and its 200-day simple moving average is $158.87. AptarGroup, Inc. has a 12 month low of $135.96 and a 12 month high of $178.03. The firm has a market cap of $9.65 billion, a P/E ratio of 26.20, a PEG ratio of 3.89 and a beta of 0.56.

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

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's dividend payout ratio is 32.49%.

Wall Street Analyst Weigh In

Several research firms have commented on ATR. StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating in a research report 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 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 research report on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock 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 price target on the stock. in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus 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.