Yousif Capital Management LLC Trims Position in AptarGroup, Inc. (NYSE:ATR)

Yousif Capital Management LLC trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,003 shares of the industrial products company’s stock after selling 931 shares during the quarter. Yousif Capital Management LLC’s holdings in AptarGroup were worth $3,771,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its holdings in AptarGroup by 0.5% in the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after purchasing an additional 14,001 shares during the period. Victory Capital Management Inc. raised its position in shares of AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after buying an additional 479,193 shares in the last quarter. FMR LLC boosted its stake in AptarGroup by 13.0% during the third 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 period. Geode Capital Management LLC grew its position in 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 worth $245,444,000 after buying an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in 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 worth $185,516,000 after acquiring an additional 82,934 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATR has been the subject of a number of research analyst reports. Raymond James assumed coverage on AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price target for the company. Wells Fargo & Company dropped their target price on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and increased their price target for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AptarGroup has a consensus rating of “Buy” and an average target price of $190.60.

Insider Activity

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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

AptarGroup Stock Down 8.4 %

Shares of NYSE ATR opened at $143.26 on Friday. The stock has a market capitalization of $9.53 billion, a P/E ratio of 28.77, a PEG ratio of 2.59 and a beta of 0.59. AptarGroup, Inc. has a one year low of $131.51 and a one year high of $178.03. The firm’s 50 day simple moving average is $160.47 and its two-hundred day simple moving average is $158.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15.

AptarGroup (NYSE:ATR) last released 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 9.40% and a return on equity of 14.92%. As a group, analysts expect that AptarGroup, Inc. will post 5.38 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.26%. AptarGroup’s dividend payout ratio is currently 36.14%.

AptarGroup 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.