Zurcher Kantonalbank Zurich Cantonalbank Has $2.79 Million Position in AptarGroup, Inc. (NYSE:ATR)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 19.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,745 shares of the industrial products company's stock after buying an additional 2,857 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in AptarGroup were worth $2,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATR. Howard Capital Management Group LLC increased its stake in shares of AptarGroup by 0.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company's stock worth $21,125,000 after purchasing an additional 558 shares during the last quarter. Atria Investments Inc increased its position in AptarGroup by 42.5% during the third quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company's stock worth $689,000 after buying an additional 1,283 shares during the last quarter. Aigen Investment Management LP bought a new position in AptarGroup during the third quarter valued at about $226,000. Oppenheimer Asset Management Inc. lifted its position in shares of AptarGroup by 214.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,397 shares of the industrial products company's stock worth $2,466,000 after buying an additional 10,508 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of AptarGroup by 10.8% during the 3rd quarter. KBC Group NV now owns 1,660 shares of the industrial products company's stock worth $266,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 88.52% of the company's stock.

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Analyst Ratings Changes

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

AptarGroup Price Performance

Shares of ATR traded up $0.72 during trading hours on Wednesday, hitting $147.02. The stock had a trading volume of 182,086 shares, compared to its average volume of 368,511. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 3.89 and a beta of 0.56. The company's fifty day moving average is $150.91 and its two-hundred day moving average is $158.96. 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, Inc. has a 52 week low of $135.96 and a 52 week high of $178.03.

AptarGroup (NYSE:ATR - Get Free Report) last released 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 return on equity of 15.56% and a net margin of 10.45%. On average, analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is presently 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.