Congress Wealth Management LLC DE Reduces Stock Position in AptarGroup, Inc. (NYSE:ATR)

Congress Wealth Management LLC DE trimmed its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,074 shares of the industrial products company’s stock after selling 606 shares during the period. Congress Wealth Management LLC DE owned approximately 0.13% of AptarGroup worth $13,837,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its stake in AptarGroup by 0.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock valued at $21,125,000 after buying an additional 558 shares during the last quarter. Empowered Funds LLC increased its position in AptarGroup by 19.4% during the third quarter. Empowered Funds LLC now owns 2,057 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 334 shares during the last quarter. Commerce Bank lifted its holdings in AptarGroup by 3.3% in the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after acquiring an additional 75 shares during the period. Massachusetts Financial Services Co. MA boosted its position in AptarGroup by 88.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 230,775 shares of the industrial products company’s stock worth $36,968,000 after purchasing an additional 108,175 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of AptarGroup by 43.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock valued at $7,066,000 after purchasing an additional 12,271 shares during the period. Institutional investors own 88.52% of the company’s stock.

AptarGroup Trading Up 2.2 %

Shares of AptarGroup stock opened at $147.95 on Tuesday. 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 has a fifty day moving average of $150.31 and a 200 day moving average of $158.82. The company has a market capitalization of $9.84 billion, a P/E ratio of 26.71, a P/E/G ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03.

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, beating 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%. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio is 32.49%.

Wall Street Analyst Weigh In

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

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.