Janney Montgomery Scott LLC Invests $427,000 in AptarGroup, Inc. (NYSE:ATR)

Janney Montgomery Scott LLC bought a new stake in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,488 shares of the industrial products company’s stock, valued at approximately $427,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC grew its position in AptarGroup by 58.2% during the second quarter. CWM LLC now owns 348 shares of the industrial products company’s stock valued at $36,000 after buying an additional 128 shares during the period. Eagle Bay Advisors LLC grew its position in AptarGroup by 141.7% during the second quarter. Eagle Bay Advisors LLC now owns 776 shares of the industrial products company’s stock valued at $80,000 after buying an additional 455 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in AptarGroup by 150.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,000 shares of the industrial products company’s stock valued at $103,000 after buying an additional 600 shares during the period. Wakefield Asset Management LLLP bought a new stake in AptarGroup during the second quarter valued at approximately $108,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in AptarGroup during the second quarter valued at approximately $153,000. 89.37% of the stock is currently owned by institutional investors.

Insider Transactions at AptarGroup

In related news, Director Matthew L. Trerotola bought 3,170 shares of the stock in a transaction dated Thursday, November 3rd. The shares were purchased at an average price of $94.48 per share, with a total value of $299,501.60. Following the completion of the acquisition, the director now owns 4,378 shares of the company’s stock, valued at $413,633.44. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

ATR has been the subject of several recent research reports. TheStreet upgraded shares of AptarGroup from a “c+” rating to a “b-” rating in a research report on Tuesday, January 17th. Wells Fargo & Company lifted their price target on shares of AptarGroup from $109.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, January 9th. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Sunday, January 15th. Morgan Stanley lowered 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, Bank of America lowered their price target on shares of AptarGroup from $123.00 to $112.00 in a report on Thursday, October 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.83.

AptarGroup Price Performance

ATR stock opened at $113.36 on Tuesday. AptarGroup, Inc. has a one year low of $90.23 and a one year high of $122.94. The company’s fifty day moving average price is $109.02 and its 200-day moving average price is $104.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.56. The company has a market capitalization of $7.40 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 4.34 and a beta of 0.62.

AptarGroup (NYSE:ATR – Get Rating) last released its earnings results on Thursday, October 27th. The industrial products company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The firm had revenue of $836.90 million for the quarter, compared to the consensus estimate of $838.49 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that AptarGroup, Inc. will post 3.65 EPS for the current fiscal year.

AptarGroup Announces Dividend

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

AptarGroup Company 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.