Magnetar Financial LLC Cuts Holdings in AptarGroup, Inc. (NYSE:ATR)

Magnetar Financial LLC lessened its stake in AptarGroup, Inc. (NYSE:ATR) by 92.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,106 shares of the industrial products company’s stock after selling 36,097 shares during the period. Magnetar Financial LLC’s holdings in AptarGroup were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp grew its stake in AptarGroup by 0.5% in the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock worth $462,919,000 after buying an additional 14,001 shares in the last quarter. FMR LLC lifted its holdings in shares of AptarGroup by 13.0% in the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after acquiring an additional 214,097 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AptarGroup by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of AptarGroup by 4.1% in the 4th quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock worth $110,490,000 after acquiring an additional 27,614 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AptarGroup by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 642,478 shares of the industrial products company’s stock worth $100,933,000 after acquiring an additional 50,752 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analyst Ratings Changes

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

AptarGroup Stock Down 0.1 %

Shares of AptarGroup stock opened at $145.07 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $150.42 and its two-hundred day simple moving average is $158.78. The company has a market cap of $9.65 billion, a P/E ratio of 26.19, a PEG ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03.

AptarGroup (NYSE:ATR) last issued 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 net margin of 10.45% and a return on equity of 15.56%. Research analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 32.49%.

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.