Edgestream Partners L.P. Sells 19,729 Shares of AptarGroup, Inc. (NYSE:ATR)

Edgestream Partners L.P. decreased its position in AptarGroup, Inc. (NYSE:ATR) by 61.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,133 shares of the industrial products company’s stock after selling 19,729 shares during the quarter. Edgestream Partners L.P.’s holdings in AptarGroup were worth $1,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ATR. Howard Capital Management Group LLC lifted its holdings in AptarGroup by 0.4% in the third quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock valued at $21,125,000 after acquiring an additional 558 shares during the period. Capital Performance Advisors LLP bought a new position in AptarGroup in the third quarter valued at about $25,000. Atria Investments Inc increased its position in AptarGroup by 42.5% in the third quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company’s stock worth $689,000 after buying an additional 1,283 shares in the last quarter. Venturi Wealth Management LLC increased its position in AptarGroup by 42.9% in the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock worth $102,000 after buying an additional 191 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in AptarGroup in the third quarter worth about $1,042,000. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

ATR has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James restated an “outperform” rating and issued a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Bank of America cut 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, Wells Fargo & Company reduced their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Two 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. Based on data from MarketBeat, AptarGroup has a consensus rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Stock Performance

NYSE:ATR opened at $152.87 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The stock has a 50-day moving average price of $152.03 and a 200 day moving average price of $159.15. The stock has a market capitalization of $10.16 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last released 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%. Equities research analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 32.49%.

About AptarGroup

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.