Norden Group LLC Acquires Shares of 4,210 AptarGroup, Inc. (NYSE:ATR)

Norden Group LLC acquired a new stake in AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,210 shares of the industrial products company’s stock, valued at approximately $661,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of AptarGroup by 0.5% in the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after purchasing an additional 14,001 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares during the last quarter. FMR LLC increased its holdings in shares of AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after purchasing an additional 214,097 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after acquiring an additional 83,452 shares during the period. Finally, Mawer Investment Management Ltd. boosted its position in shares of AptarGroup by 7.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after acquiring an additional 82,934 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Trading Down 0.2 %

ATR opened at $146.47 on Tuesday. AptarGroup, Inc. has a twelve month low of $135.96 and a twelve month high of $178.03. The company has a 50-day simple moving average of $152.78 and a 200 day simple moving average of $159.10. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. Analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s payout ratio is 32.49%.

Analyst Upgrades and Downgrades

ATR has been the subject of a number of recent research reports. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Bank of America cut shares of 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. Wells Fargo & Company reduced their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Raymond James reissued an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, Robert W. Baird reduced their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Two 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 company. Based on data from MarketBeat, the company 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.