Alerus Financial NA Has $3.65 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

Alerus Financial NA decreased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,220 shares of the industrial products company’s stock after selling 1,570 shares during the period. Alerus Financial NA’s holdings in AptarGroup were worth $3,648,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in AptarGroup by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after purchasing an additional 58,777 shares during the period. State Street Corp boosted its holdings in shares of AptarGroup by 0.5% during the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock worth $462,919,000 after buying an additional 14,001 shares during the period. FMR LLC grew its stake in AptarGroup by 13.0% in the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after buying an additional 214,097 shares during the last quarter. Geode Capital Management LLC raised its holdings in AptarGroup by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after acquiring an additional 83,452 shares during the period. Finally, Norges Bank bought a new position in AptarGroup in the 4th quarter worth $116,265,000. 88.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATR. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research note on Monday, January 6th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AptarGroup presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Price Performance

Shares of ATR opened at $149.35 on Friday. The stock has a market cap of $9.93 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The stock’s 50-day moving average price is $149.87 and its two-hundred day moving average price is $158.65. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03.

AptarGroup (NYSE:ATR) last issued its 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 net margin of 10.45% and a return on equity of 15.56%. On average, equities analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s payout ratio 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.