Dark Forest Capital Management LP Takes Position in AptarGroup, Inc. (NYSE:ATR)

Dark Forest Capital Management LP acquired a new position in shares of AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 8,009 shares of the industrial products company’s stock, valued at approximately $1,258,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after buying an additional 5,248 shares during the last quarter. Inspire Investing LLC lifted its holdings in AptarGroup by 282.9% in the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock worth $1,068,000 after acquiring an additional 5,024 shares during the last quarter. GAMMA Investing LLC boosted its stake in AptarGroup by 67.6% in the fourth quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 404 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of AptarGroup by 13.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company’s stock valued at $1,494,000 after purchasing an additional 1,146 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of AptarGroup by 1.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 127 shares during the period. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Stock Up 2.6 %

Shares of ATR stock opened at $146.25 on Wednesday. AptarGroup, Inc. has a 1 year low of $130.85 and a 1 year high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The business’s fifty day moving average is $145.69 and its 200-day moving average is $156.94. The stock has a market cap of $9.65 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (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%. Equities analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup’s dividend payout ratio is presently 32.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ATR shares. Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating 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 on the stock. in a report on Monday, January 6th. Wells Fargo & Company decreased their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Raymond James cut their target price on AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and a consensus price target of $178.60.

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.