Stonebridge Financial Group LLC Takes Position in AptarGroup, Inc. (NYSE:ATR)

Stonebridge Financial Group LLC bought a new position in AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 265 shares of the industrial products company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its holdings in shares of AptarGroup by 0.5% in the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after buying an additional 14,001 shares in the last quarter. Victory Capital Management Inc. grew its holdings 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 worth $337,502,000 after acquiring an additional 479,193 shares during the last quarter. FMR LLC raised its position 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 purchasing an additional 214,097 shares during the period. Geode Capital Management LLC lifted 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 valued at $245,444,000 after purchasing an additional 83,452 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of AptarGroup by 7.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after purchasing an additional 82,934 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ATR has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research report on Monday, January 6th. Raymond James restated an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday. Finally, Wells Fargo & Company lowered their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Stock Up 0.9 %

ATR stock opened at $142.92 on Friday. The company has a 50 day moving average of $158.06 and a two-hundred day moving average of $158.91. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 12-month low of $134.57 and a 12-month high of $178.03. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.57 and a beta of 0.59.

AptarGroup (NYSE:ATR) 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 return on equity of 15.62% and a net margin of 10.45%. On average, equities analysts anticipate that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors 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 dividend yield of 1.26%. AptarGroup’s payout ratio is 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.