Zions Bancorporation N.A. Raises Position in AptarGroup, Inc. (NYSE:ATR)

Zions Bancorporation N.A. boosted its holdings in AptarGroup, Inc. (NYSE:ATR - Free Report) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,790 shares of the industrial products company's stock after acquiring an additional 2,330 shares during the quarter. Zions Bancorporation N.A.'s holdings in AptarGroup were worth $2,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Stonebridge Financial Group LLC bought a new position in shares of AptarGroup in the fourth quarter worth approximately $42,000. Park Place Capital Corp purchased a new position in AptarGroup in the 4th quarter worth approximately $67,000. Principal Securities Inc. increased its holdings in shares of AptarGroup by 328.4% in the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock worth $69,000 after buying an additional 335 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of AptarGroup by 310.4% during the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company's stock valued at $93,000 after buying an additional 447 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

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AptarGroup Trading Down 1.7 %

Shares of NYSE:ATR traded down $2.53 during trading on Friday, reaching $146.83. 239,805 shares of the company traded hands, compared to its average volume of 303,562. The company has a current ratio of 1.38, a quick ratio of 0.95 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 business's fifty day moving average is $149.69 and its 200-day moving average is $158.66. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR - Get Free Report) last released 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, analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 dividend yield of 1.23%. AptarGroup's dividend payout ratio is currently 32.49%.

Analyst Ratings Changes

A number of research firms have weighed in on ATR. Raymond James restated 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. Bank of America cut AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Robert W. Baird reduced their price target 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 price objective on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Two investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.60.

About AptarGroup

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.