AptarGroup, Inc. (NYSE:ATR) Shares Sold by Boston Family Office LLC

Boston Family Office LLC lessened its stake in AptarGroup, Inc. (NYSE:ATR) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,452 shares of the industrial products company’s stock after selling 2,119 shares during the quarter. AptarGroup accounts for about 1.9% of Boston Family Office LLC’s portfolio, making the stock its 11th largest holding. Boston Family Office LLC owned about 0.26% of AptarGroup worth $27,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in AptarGroup in the fourth quarter valued at approximately $42,000. Park Place Capital Corp acquired a new position in shares of AptarGroup in the 4th quarter valued at $67,000. Principal Securities Inc. increased its holdings in AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after buying an additional 335 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 447 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of AptarGroup by 12.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Raymond James reiterated an “outperform” rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird decreased their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Price Performance

ATR stock opened at $148.36 on Tuesday. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03. The firm has a market capitalization of $9.86 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The business has a 50 day simple moving average of $149.53 and a 200-day simple moving average of $158.69.

AptarGroup (NYSE:ATR) last issued 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 research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share 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 $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. AptarGroup’s dividend payout ratio (DPR) is 32.49%.

About AptarGroup

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.