Teacher Retirement System of Texas Boosts Stock Position in AptarGroup, Inc. (NYSE:ATR)

Teacher Retirement System of Texas lifted its position in AptarGroup, Inc. (NYSE:ATR) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,499 shares of the industrial products company’s stock after buying an additional 2,239 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of AptarGroup worth $9,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ATR. FMR LLC raised 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 valued at $298,626,000 after buying an additional 214,097 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in AptarGroup during the 4th quarter worth about $22,925,000. Raymond James Financial Inc. purchased a new stake in AptarGroup during the 4th quarter worth about $21,941,000. Massachusetts Financial Services Co. MA increased its holdings in AptarGroup by 88.2% during the 3rd 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 period. Finally, Geode Capital Management LLC increased its holdings in AptarGroup by 5.8% during 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 purchasing an additional 83,452 shares during the period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Wall Street Analysts Forecast Growth

ATR has been the topic of several recent research reports. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a report on Monday, January 6th. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Wells Fargo & Company cut their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Two equities research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Stock Down 0.1 %

Shares of NYSE ATR opened at $145.07 on Friday. The stock has a market cap of $9.65 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The business has a 50-day moving average price of $150.42 and a 200 day moving average price of $158.78.

AptarGroup (NYSE:ATR) last announced its earnings results 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%. Equities research analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were given a $0.45 dividend. 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 1.24%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

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.