Portfolio Design Labs LLC Boosts Holdings in AptarGroup, Inc. (NYSE:ATR)

Portfolio Design Labs LLC grew its position in AptarGroup, Inc. (NYSE:ATR) by 147.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,501 shares of the industrial products company’s stock after buying an additional 3,279 shares during the period. Portfolio Design Labs LLC’s holdings in AptarGroup were worth $864,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Creative Planning lifted its holdings in shares of AptarGroup by 13.9% in the 2nd quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock worth $482,000 after acquiring an additional 417 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of AptarGroup by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 265 shares during the last quarter. CWM LLC lifted its holdings in shares of AptarGroup by 92.5% in the 3rd quarter. CWM LLC now owns 2,066 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 993 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 192 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of AptarGroup by 4.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,786 shares of the industrial products company’s stock worth $767,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Trading Down 0.6 %

Shares of NYSE:ATR opened at $142.36 on Wednesday. AptarGroup, Inc. has a 52 week low of $134.57 and a 52 week high of $178.03. The company’s 50 day moving average is $159.28 and its two-hundred day moving average is $159.06. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company has a market cap of $9.47 billion, a PE ratio of 25.70, a P/E/G ratio of 2.57 and a beta of 0.59.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.62%. Equities analysts predict that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 32.49%.

Analysts Set New Price Targets

Several brokerages have recently commented on ATR. 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. Robert W. Baird decreased their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company reduced their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday. 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, AptarGroup presently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

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.