Somerville Kurt F Has $18.64 Million Stake in AptarGroup, Inc. (NYSE:ATR)

by · The Cerbat Gem

Somerville Kurt F reduced its holdings in AptarGroup, Inc. (NYSE:ATR – Free Report) by 1.2% during the 4th quarter, Holdings Channel reports. The fund owned 118,656 shares of the industrial products company’s stock after selling 1,445 shares during the quarter. AptarGroup makes up approximately 3.1% of Somerville Kurt F’s portfolio, making the stock its 12th biggest position. Somerville Kurt F’s holdings in AptarGroup were worth $18,641,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Broderick Brian C boosted its stake in AptarGroup by 2.4% in the fourth quarter. Broderick Brian C now owns 86,147 shares of the industrial products company’s stock worth $13,534,000 after purchasing an additional 1,980 shares in the last quarter. Huntington National Bank increased its position in AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 120 shares in the last quarter. Groupama Asset Managment lifted its position in shares of AptarGroup by 20.9% during the fourth quarter. Groupama Asset Managment now owns 5,397 shares of the industrial products company’s stock worth $846,000 after purchasing an additional 933 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of AptarGroup during the fourth quarter valued at approximately $3,551,000. Finally, Headlands Technologies LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at approximately $416,000. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Stock Down 1.2 %

AptarGroup stock opened at $148.69 on Friday. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 3.89 and a beta of 0.56. The company’s 50 day simple moving average is $148.93 and its 200 day simple moving average is $158.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03.

AptarGroup (NYSE:ATR – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James reiterated an “outperform” rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Wells Fargo & Company decreased 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. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research report on Monday, January 6th. Finally, Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.60.

Get Our Latest Research Report on AptarGroup

AptarGroup Profile

(Free Report)

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.

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