Great West Life Assurance Co. Can Purchases Shares of 48,026 AptarGroup, Inc. (NYSE:ATR)

Great West Life Assurance Co. Can purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATRGet Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,026 shares of the industrial products company’s stock, valued at approximately $4,563,000. Great West Life Assurance Co. Can owned about 0.07% of AptarGroup as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of ATR. Victory Capital Management Inc. raised its position in shares of AptarGroup by 25.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,312,128 shares of the industrial products company’s stock valued at $238,635,000 after purchasing an additional 475,626 shares during the last quarter. Nuance Investments LLC raised its position in shares of AptarGroup by 71.5% in the 2nd quarter. Nuance Investments LLC now owns 661,496 shares of the industrial products company’s stock valued at $68,273,000 after purchasing an additional 275,680 shares during the last quarter. State Street Corp raised its position in shares of AptarGroup by 8.9% in the 1st quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock valued at $339,946,000 after purchasing an additional 237,377 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new position in shares of AptarGroup in the 2nd quarter valued at approximately $8,946,000. Finally, Boston Trust Walden Corp raised its position in shares of AptarGroup by 6.8% in the 2nd quarter. Boston Trust Walden Corp now owns 1,237,608 shares of the industrial products company’s stock valued at $127,734,000 after purchasing an additional 78,395 shares during the last quarter. 89.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other AptarGroup news, Director Matthew L. Trerotola bought 3,170 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were purchased at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the transaction, the director now directly owns 4,378 shares of the company’s stock, valued at approximately $413,633.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

ATR has been the subject of several research analyst reports. Bank of America decreased their price objective on shares of AptarGroup from $123.00 to $112.00 in a research report on Thursday, October 13th. Wells Fargo & Company increased their price target on shares of AptarGroup from $109.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, January 9th. TheStreet upgraded shares of AptarGroup from a “c+” rating to a “b-” rating in a report on Tuesday, January 17th. Morgan Stanley cut their price target on shares of AptarGroup from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 18th. Finally, BMO Capital Markets began coverage on shares of AptarGroup in a report on Monday, October 31st. They issued a “buy” rating and a $135.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $118.83.

AptarGroup Price Performance

Shares of NYSE ATR opened at $113.29 on Monday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 4.36 and a beta of 0.62. AptarGroup, Inc. has a 12 month low of $90.23 and a 12 month high of $122.94. The firm’s 50 day simple moving average is $108.84 and its 200-day simple moving average is $104.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.56 and a quick ratio of 1.04.

AptarGroup (NYSE:ATRGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $836.90 million for the quarter, compared to analysts’ expectations of $838.49 million. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. Analysts expect that AptarGroup, Inc. will post 3.65 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 2nd will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, February 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. AptarGroup’s dividend payout ratio (DPR) is 42.94%.

AptarGroup Profile

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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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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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