Oppenheimer & Co. Inc. boosted its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 3.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,762 shares of the industrial products company’s stock after purchasing an additional 172 shares during the period. Oppenheimer & Co. Inc.’s holdings in AptarGroup were worth $564,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its position in AptarGroup by 1.5% during the 2nd quarter. BlackRock Inc. now owns 5,689,676 shares of the industrial products company’s stock worth $707,455,000 after purchasing an additional 82,467 shares during the period. Bank of New York Mellon Corp grew its position in shares of AptarGroup by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,130,555 shares of the industrial products company’s stock valued at $140,573,000 after acquiring an additional 24,872 shares during the period. Bessemer Group Inc. grew its position in shares of AptarGroup by 0.4% during the 2nd quarter. Bessemer Group Inc. now owns 953,868 shares of the industrial products company’s stock valued at $118,605,000 after acquiring an additional 4,061 shares during the period. Mawer Investment Management Ltd. grew its position in shares of AptarGroup by 7.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 882,419 shares of the industrial products company’s stock valued at $109,652,000 after acquiring an additional 60,661 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of AptarGroup by 106.1% during the 2nd quarter. Wells Fargo & Company MN now owns 881,861 shares of the industrial products company’s stock valued at $109,649,000 after acquiring an additional 454,013 shares during the period. 88.70% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on ATR. Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating and set a $123.00 target price on the stock in a research report on Monday, October 14th. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Thursday, August 1st. ValuEngine upgraded AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley dropped their target price on AptarGroup from $144.00 to $136.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, UBS Group raised their target price on AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and an average price target of $119.29.
NYSE:ATR opened at $109.00 on Friday. AptarGroup, Inc. has a 52 week low of $88.26 and a 52 week high of $126.19. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $6.95 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72. The stock’s 50-day moving average price is $116.20 and its 200-day moving average price is $118.16.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, October 31st. The industrial products company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.03). The business had revenue of $701.28 million for the quarter, compared to analyst estimates of $698.93 million. AptarGroup had a net margin of 8.16% and a return on equity of 17.85%. AptarGroup’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. Sell-side analysts expect that AptarGroup, Inc. will post 3.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, October 29th. AptarGroup’s dividend payout ratio is presently 36.00%.
AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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