AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 954,416 shares of the industrial products company’s stock after purchasing an additional 466 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.43% of AptarGroup worth $147,150,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Congress Asset Management Co. purchased a new stake in shares of AptarGroup during the 3rd quarter valued at approximately $108,239,000. Victory Capital Management Inc. lifted its stake in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares during the last quarter. FMR LLC grew its holdings in shares of AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after purchasing an additional 214,097 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of AptarGroup by 88.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 230,775 shares of the industrial products company’s stock worth $36,968,000 after purchasing an additional 108,175 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after buying an additional 83,452 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the transaction, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. This trade represents a 10.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATR shares. Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday. Finally, Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Two equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Trading Down 0.6 %

Shares of NYSE:ATR opened at $142.36 on Wednesday. The company has a market cap of $9.47 billion, a PE ratio of 25.70, a P/E/G ratio of 2.57 and a beta of 0.59. The company’s 50 day moving average is $159.28 and its two-hundred day moving average is $159.06. AptarGroup, Inc. has a 52 week low of $134.57 and a 52 week high of $178.03. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.62% and a net margin of 10.45%. Equities analysts predict that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.26%. AptarGroup’s dividend payout ratio is currently 32.49%.

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.