Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its holdings in AptarGroup, Inc. (NYSE:ATR) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 108,500 shares of the industrial products company’s stock after selling 3,200 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AptarGroup were worth $10,800,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in ATR. Virginia Retirement Systems ET AL raised its holdings in AptarGroup by 4.4% during the fourth quarter. Virginia Retirement Systems ET AL now owns 9,400 shares of the industrial products company’s stock valued at $1,087,000 after acquiring an additional 400 shares during the period. Fisher Asset Management LLC boosted its stake in shares of AptarGroup by 30.4% during the 1st quarter. Fisher Asset Management LLC now owns 16,542 shares of the industrial products company’s stock worth $1,647,000 after purchasing an additional 3,856 shares during the period. Aviva PLC bought a new position in shares of AptarGroup during the fourth quarter valued at approximately $1,976,000. Champlain Investment Partners LLC increased its stake in AptarGroup by 0.4% in the fourth quarter. Champlain Investment Partners LLC now owns 1,340,855 shares of the industrial products company’s stock worth $155,030,000 after purchasing an additional 5,130 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in AptarGroup by 1.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 888,296 shares of the industrial products company’s stock worth $102,707,000 after buying an additional 12,741 shares during the period. 87.81% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on ATR. Deutsche Bank cut their price objective on shares of AptarGroup from $124.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. William Blair restated an “outperform” rating on shares of AptarGroup in a research note on Monday, February 24th. BMO Capital Markets raised AptarGroup from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Tuesday, March 24th. Bank of America raised AptarGroup from a “neutral” rating to a “buy” rating and increased their price target for the stock from $101.00 to $131.00 in a research report on Monday, April 27th. Finally, Wells Fargo & Co cut their target price on shares of AptarGroup from $122.00 to $118.00 and set a “buy” rating for the company in a report on Friday, April 17th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $117.43.
Shares of NYSE:ATR traded up $0.01 during trading on Friday, hitting $105.10. The company’s stock had a trading volume of 151,218 shares, compared to its average volume of 324,232. AptarGroup, Inc. has a fifty-two week low of $79.84 and a fifty-two week high of $126.19. The business has a 50 day moving average price of $104.11 and a two-hundred day moving average price of $108.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.28 and a current ratio of 1.70. The company has a market capitalization of $6.75 billion, a PE ratio of 29.69, a P/E/G ratio of 4.62 and a beta of 0.63.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.06. AptarGroup had a return on equity of 16.05% and a net margin of 8.26%. The firm had revenue of $721.50 million during the quarter, compared to analyst estimates of $716.79 million. During the same period last year, the business posted $1.07 earnings per share. AptarGroup’s revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts expect that AptarGroup, Inc. will post 3.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Wednesday, April 29th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 28th. AptarGroup’s dividend payout ratio is presently 36.46%.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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