Kidder Stephen W Sells 593 Shares of AptarGroup, Inc. (NYSE:ATR)

Kidder Stephen W trimmed its holdings in AptarGroup, Inc. (NYSE:ATR) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,037 shares of the industrial products company’s stock after selling 593 shares during the period. AptarGroup accounts for approximately 3.0% of Kidder Stephen W’s holdings, making the stock its 14th largest position. Kidder Stephen W’s holdings in AptarGroup were worth $10,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ATR. Howard Capital Management Group LLC raised its stake in shares of 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 acquiring an additional 558 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AptarGroup by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 196,584 shares of the industrial products company’s stock worth $31,491,000 after purchasing an additional 4,042 shares during the period. Walleye Capital LLC acquired a new position in shares of AptarGroup during the third quarter valued at about $684,000. Captrust Financial Advisors lifted its stake in shares of AptarGroup by 2.9% in the third quarter. Captrust Financial Advisors now owns 4,570 shares of the industrial products company’s stock valued at $732,000 after buying an additional 127 shares during the period. Finally, Ascent Group LLC acquired a new stake in AptarGroup during the third quarter worth about $349,000. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ATR shares. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research note on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Robert W. Baird cut their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Raymond James reiterated 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. Finally, StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $148.69 on Friday. The firm has a market cap of $9.89 billion, a P/E ratio of 26.84, a P/E/G ratio of 3.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $148.93 and a 200 day simple moving average of $158.54. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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%. Sell-side analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is currently 32.49%.

About AptarGroup

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.