Amalgamated Bank Increases Stock Position in AptarGroup, Inc. (NYSE:ATR)

Amalgamated Bank increased its holdings in AptarGroup, Inc. (NYSE:ATR) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,497 shares of the industrial products company’s stock after buying an additional 163 shares during the period. Amalgamated Bank’s holdings in AptarGroup were worth $5,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ATR. Congress Asset Management Co. bought a new position in shares of AptarGroup in the 3rd quarter worth $108,239,000. Victory Capital Management Inc. grew its stake in AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares during the last quarter. FMR LLC raised its holdings in AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after purchasing an additional 214,097 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 buying an additional 108,175 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of AptarGroup by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after buying an additional 83,452 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analyst Upgrades and Downgrades

ATR has been the subject of several recent analyst reports. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Robert W. Baird reduced their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Raymond James reissued an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AptarGroup has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Price Performance

Shares of ATR opened at $145.66 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The company’s fifty day moving average price is $153.26 and its 200-day moving average price is $158.87. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03. The firm has a market capitalization of $9.69 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. On average, equities research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 32.49%.

AptarGroup Company Profile

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.