AptarGroup, Inc. (NYSE:ATR) Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 642,478 shares of the industrial products company’s stock after acquiring an additional 50,752 shares during the quarter. Bank of New York Mellon Corp owned about 0.97% of AptarGroup worth $100,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATR. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new position in AptarGroup in the fourth quarter worth approximately $42,000. Huntington National Bank grew its position in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after buying an additional 259 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of AptarGroup during the 4th quarter valued at $67,000. Finally, Principal Securities Inc. boosted its stake 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 acquiring an additional 335 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America lowered shares of 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 reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Robert W. Baird cut their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Raymond James restated an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. 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. Based on data from MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Stock Performance

Shares of ATR opened at $146.56 on Friday. The company has a market capitalization of $9.75 billion, a PE ratio of 26.46, a PEG ratio of 3.89 and a beta of 0.59. 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 company’s 50 day moving average price is $153.02 and its 200 day moving average price is $159.00. AptarGroup, Inc. has a 52 week low of $135.96 and a 52 week high of $178.03.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. Research analysts expect 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. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

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.