Shell Asset Management Co. trimmed its stake in AptarGroup, Inc. (NYSE:ATR – Get Rating) by 12.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,595 shares of the industrial products company’s stock after selling 383 shares during the quarter. Shell Asset Management Co.’s holdings in AptarGroup were worth $305,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the stock. Lumature Wealth Partners LLC boosted its holdings in AptarGroup by 64.2% in the fourth quarter. Lumature Wealth Partners LLC now owns 261 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 102 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of AptarGroup by 3.2% during the fourth quarter. M&T Bank Corp now owns 3,362 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 104 shares in the last quarter. Hilton Capital Management LLC lifted its holdings in shares of AptarGroup by 5.3% during the fourth quarter. Hilton Capital Management LLC now owns 2,191 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 110 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of AptarGroup by 2.3% during the fourth quarter. Toronto Dominion Bank now owns 5,486 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 125 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of AptarGroup by 5.9% during the first quarter. Park Avenue Securities LLC now owns 2,436 shares of the industrial products company’s stock valued at $286,000 after purchasing an additional 135 shares in the last quarter. 87.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on ATR shares. Wells Fargo & Company lowered their price target on AptarGroup from $150.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. TheStreet downgraded AptarGroup from a “b-” rating to a “c+” rating in a report on Thursday, June 16th. Deutsche Bank Aktiengesellschaft lowered their target price on AptarGroup from $145.00 to $125.00 in a report on Tuesday, July 19th. Robert W. Baird lowered their target price on AptarGroup from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, August 1st. Finally, Morgan Stanley lowered their target price on AptarGroup from $126.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $120.00.
Insider Activity at AptarGroup
AptarGroup Stock Performance
NYSE:ATR opened at $105.65 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. AptarGroup, Inc. has a 12-month low of $94.03 and a 12-month high of $136.23. The stock has a 50-day moving average price of $103.43 and a 200 day moving average price of $110.83. The stock has a market capitalization of $6.90 billion, a P/E ratio of 30.80, a P/E/G ratio of 3.98 and a beta of 0.62.
AptarGroup (NYSE:ATR – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. AptarGroup had a return on equity of 12.87% and a net margin of 6.94%. The company had revenue of $844.54 million during the quarter, compared to analyst estimates of $827.18 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that AptarGroup, Inc. will post 3.87 EPS for the current fiscal year.
AptarGroup Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, July 27th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Tuesday, July 26th. AptarGroup’s payout ratio is presently 44.31%.
AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.
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