Resona Asset Management Co. Ltd. Purchases Shares of 3,507 AptarGroup, Inc. (NYSE:ATR)

Resona Asset Management Co. Ltd. acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,507 shares of the industrial products company’s stock, valued at approximately $551,000.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in AptarGroup by 58.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after purchasing an additional 5,248 shares during the period. Geode Capital Management LLC increased its position in shares of 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 during the period. Inspire Investing LLC raised its stake in AptarGroup by 282.9% during the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 5,024 shares during the last quarter. GAMMA Investing LLC lifted its holdings in AptarGroup by 67.6% in the fourth quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock valued at $157,000 after buying an additional 404 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 127 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AptarGroup Stock Performance

ATR opened at $141.01 on Friday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.89 and a beta of 0.59. The company’s fifty day moving average price is $146.28 and its two-hundred day moving average price is $157.75. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. 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 (NYSE:ATR) last announced its quarterly earnings results 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%. On average, analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.28%. AptarGroup’s payout ratio 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.