AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its position in AptarGroup, Inc. (NYSE:ATR) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,028 shares of the industrial products company’s stock after purchasing an additional 190 shares during the quarter. Treasurer of the State of North Carolina’s holdings in AptarGroup were worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ATR. Stonebridge Financial Group LLC acquired a new position in AptarGroup during the 4th quarter worth $42,000. Park Place Capital Corp bought a new position in AptarGroup in the 4th quarter valued at about $67,000. Principal Securities Inc. raised its position in shares of AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after buying an additional 335 shares in the last quarter. Huntington National Bank lifted its stake in shares of AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 120 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 447 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Up 1.3 %

AptarGroup stock opened at $146.01 on Tuesday. The company has a market capitalization of $9.63 billion, a P/E ratio of 26.36, a P/E/G ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a 1-year low of $130.85 and a 1-year high of $178.03. The firm’s fifty day simple moving average is $145.76 and its 200-day simple moving average is $157.56. 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 (NYSE:ATR) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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%. Sell-side analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business 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. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.23%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ATR shares. Wells Fargo & Company cut their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” 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 report on Monday, February 10th. Robert W. Baird cut their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Raymond James reissued an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, 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 report on Monday, January 6th. Two equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.