Corebridge Financial Inc. Decreases Holdings in AptarGroup, Inc. (NYSE:ATR)

Corebridge Financial Inc. lowered its position in AptarGroup, Inc. (NYSE:ATR) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,292 shares of the industrial products company’s stock after selling 3,212 shares during the period. Corebridge Financial Inc.’s holdings in AptarGroup were worth $11,828,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in AptarGroup in the fourth quarter valued at $42,000. Park Place Capital Corp purchased a new stake in shares of AptarGroup in the 4th quarter worth about $67,000. Principal Securities Inc. grew its stake in AptarGroup by 328.4% in the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 335 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in 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 acquiring an additional 447 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in AptarGroup by 12.5% during the fourth 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. 88.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on ATR. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Robert W. Baird dropped their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company 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 price objective on the stock. in a research note on Monday, January 6th. Finally, Raymond James reissued an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Price Performance

ATR stock opened at $147.01 on Wednesday. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The stock’s fifty day simple moving average is $150.16 and its 200-day simple moving average is $158.78. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. Equities research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

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