Corient Private Wealth LLC Sells 475 Shares of AptarGroup, Inc. (NYSE:ATR)

Corient Private Wealth LLC decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,090 shares of the industrial products company’s stock after selling 475 shares during the quarter. Corient Private Wealth LLC owned about 0.12% of AptarGroup worth $12,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in shares of AptarGroup by 3.6% during the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock valued at $317,000 after acquiring an additional 68 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of AptarGroup by 12.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after buying an additional 72 shares during the last quarter. Commerce Bank boosted its position in shares of AptarGroup by 3.3% during the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after buying an additional 75 shares during the last quarter. Blue Trust Inc. boosted its position in shares of AptarGroup by 9.3% during the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after buying an additional 82 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its position in shares of AptarGroup by 0.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock valued at $2,621,000 after buying an additional 99 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR opened at $147.02 on Thursday. The firm has a market cap of $9.78 billion, a PE ratio of 26.54, a PEG ratio of 3.89 and a beta of 0.56. The stock’s fifty day moving average price is $150.77 and its two-hundred day moving average price is $158.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

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

Analyst Upgrades and Downgrades

ATR has been the topic of several analyst reports. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research report on Monday, January 6th. Raymond James reissued an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird cut their price objective 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, Wells Fargo & Company cut their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

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.