Federated Hermes Inc. Buys 111,244 Shares of AptarGroup, Inc. (NYSE:ATR)

Federated Hermes Inc. increased its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721,785 shares of the industrial products company’s stock after buying an additional 111,244 shares during the quarter. Federated Hermes Inc. owned 1.08% of AptarGroup worth $113,392,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ATR shares. Robert W. Baird cut their target price on shares of 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 lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Two 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’s stock. According to MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Price Performance

Shares of ATR stock opened at $140.09 on Friday. The firm’s 50 day moving average price is $148.57 and its two-hundred day moving average price is $158.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The stock has a market cap of $9.32 billion, a PE ratio of 25.29, a PEG ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.28%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

AptarGroup 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.