Allspring Global Investments Holdings LLC Grows Position in AptarGroup, Inc. (NYSE:ATR)

Allspring Global Investments Holdings LLC increased its stake in AptarGroup, Inc. (NYSE:ATR) by 0.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 954,416 shares of the industrial products company’s stock after acquiring an additional 466 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AptarGroup were worth $147,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in AptarGroup by 58.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after buying an additional 5,248 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of AptarGroup by 43.8% during the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after buying an additional 34,573 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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. Eagle Asset Management Inc. lifted its position in AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after buying an additional 12,271 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after acquiring an additional 479,193 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

AptarGroup Stock Performance

Shares of ATR stock opened at $142.36 on Wednesday. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.57 and a beta of 0.59. AptarGroup, Inc. has a one year low of $134.57 and a one year high of $178.03. The company’s 50-day simple moving average is $159.28 and its 200-day simple moving average is $159.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62.

AptarGroup (NYSE:ATR) last posted its quarterly 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 15.62% and a net margin of 10.45%. Equities analysts anticipate that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 32.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Raymond James reissued an “outperform” rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company lowered their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday. Finally, Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. Two 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.