CIBC Private Wealth Group LLC Trims Stock Position in AptarGroup, Inc. (NYSE:ATR)

CIBC Private Wealth Group LLC trimmed its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,043 shares of the industrial products company’s stock after selling 557 shares during the period. CIBC Private Wealth Group LLC’s holdings in AptarGroup were worth $1,856,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 72 shares during the last quarter. Blue Trust Inc. increased its position in AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 82 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in AptarGroup by 0.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock valued at $2,621,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in AptarGroup by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company’s stock valued at $2,906,000 after purchasing an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of AptarGroup by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,079 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 102 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Trading Up 1.0 %

Shares of ATR opened at $150.57 on Thursday. The stock’s fifty day simple moving average is $149.15 and its 200 day simple moving average is $158.61. AptarGroup, Inc. has a twelve month low of $135.96 and a twelve month high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $10.01 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last released its quarterly earnings data 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 forecast that AptarGroup, Inc. will post 5.57 earnings per share 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s payout ratio is currently 32.49%.

Wall Street Analyst Weigh In

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

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.