Aviso Financial Inc. Purchases 2,047 Shares of AptarGroup, Inc. (NYSE:ATR)

by · The Cerbat Gem

Aviso Financial Inc. boosted its position in shares of AptarGroup, Inc. (NYSE:ATR – Free Report) by 22.2% during the 4th quarter, HoldingsChannel reports. The fund owned 11,267 shares of the industrial products company’s stock after buying an additional 2,047 shares during the quarter. Aviso Financial Inc.’s holdings in AptarGroup were worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATR. FMR LLC increased its stake in AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after acquiring an additional 214,097 shares during the period. Jupiter Asset Management Ltd. bought a new position in AptarGroup during the fourth quarter valued at about $22,925,000. Raymond James Financial Inc. bought a new position in AptarGroup during the fourth quarter valued at about $21,941,000. Massachusetts Financial Services Co. MA increased its stake in AptarGroup by 88.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 230,775 shares of the industrial products company’s stock valued at $36,968,000 after acquiring an additional 108,175 shares during the period. Finally, Geode Capital Management LLC increased its stake in 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 valued at $245,444,000 after acquiring an additional 83,452 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATR has been the topic of several research reports. Raymond James restated an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

View Our Latest Analysis on AptarGroup

AptarGroup Stock Down 0.9 %

NYSE ATR opened at $144.69 on Friday. The firm has a market cap of $9.62 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a one year low of $135.96 and a one year high of $178.03. The stock’s 50 day simple moving average is $151.32 and its 200 day simple moving average is $158.95. 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 (NYSE:ATR – Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently declared 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 was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

About AptarGroup

(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.

Further Reading

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