Notis McConarty Edward Cuts Stock Position in AptarGroup, Inc. (NYSE:ATR)

Notis McConarty Edward decreased its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,083 shares of the industrial products company’s stock after selling 967 shares during the quarter. AptarGroup comprises about 2.8% of Notis McConarty Edward’s investment portfolio, making the stock its 11th largest position. Notis McConarty Edward owned about 0.06% of AptarGroup worth $5,826,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ATR. Howard Capital Management Group LLC raised its position in shares of 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 in the last quarter. Walleye Capital LLC bought a new stake in shares of AptarGroup in the 3rd quarter valued at approximately $684,000. Captrust Financial Advisors boosted its holdings in shares of AptarGroup by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 4,570 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 127 shares during the period. Quantinno Capital Management LP increased its position in shares of AptarGroup by 25.5% during the 3rd quarter. Quantinno Capital Management LP now owns 39,344 shares of the industrial products company’s stock valued at $6,303,000 after purchasing an additional 7,997 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in AptarGroup by 4.1% during the 3rd quarter. Stifel Financial Corp now owns 4,386 shares of the industrial products company’s stock valued at $703,000 after buying an additional 174 shares during the period. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

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

AptarGroup Stock Performance

AptarGroup stock opened at $140.09 on Friday. 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 market capitalization of $9.32 billion, a PE ratio of 25.29, a P/E/G ratio of 3.89 and a beta of 0.56. The company has a 50 day moving average price of $148.57 and a 200-day moving average price of $158.45. 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 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%. As a group, equities analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, February 5th. 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.