2,205 Shares in AptarGroup, Inc. (NYSE:ATR) Purchased by MGO One Seven LLC

MGO One Seven LLC acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,205 shares of the industrial products company’s stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Howard Capital Management Group LLC grew its holdings in AptarGroup by 0.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock valued at $21,125,000 after buying an additional 558 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in AptarGroup in the 3rd quarter valued at about $126,000. Tidal Investments LLC grew its holdings in AptarGroup by 12.7% in the 3rd quarter. Tidal Investments LLC now owns 18,492 shares of the industrial products company’s stock valued at $2,962,000 after buying an additional 2,091 shares during the period. Franklin Resources Inc. grew its holdings in AptarGroup by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 69,670 shares of the industrial products company’s stock valued at $11,648,000 after buying an additional 15,244 shares during the period. Finally, First Financial Bank Trust Division grew its holdings in AptarGroup by 0.7% in the 4th quarter. First Financial Bank Trust Division now owns 21,554 shares of the industrial products company’s stock valued at $3,386,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

AptarGroup stock opened at $149.65 on Tuesday. The stock’s 50 day moving average price is $145.99 and its 200 day moving average price is $156.65. The firm has a market capitalization of $9.87 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.20%. AptarGroup’s dividend payout ratio is presently 32.49%.

Analyst Upgrades and Downgrades

Several research firms have commented on ATR. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a report on Monday, January 6th. Robert W. Baird reduced their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reduced their price objective on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.60.

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.