Moran Wealth Management LLC Grows Stake in AptarGroup, Inc. (NYSE:ATR)

Moran Wealth Management LLC grew its holdings in AptarGroup, Inc. (NYSE:ATR) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,054 shares of the industrial products company’s stock after acquiring an additional 791 shares during the period. Moran Wealth Management LLC’s holdings in AptarGroup were worth $3,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after purchasing an additional 5,248 shares during the period. Natixis Advisors LLC lifted its stake in shares of AptarGroup by 43.8% in the 3rd quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after purchasing an additional 34,573 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of AptarGroup by 43.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock valued at $7,066,000 after purchasing an additional 12,271 shares during the period. Geode Capital Management LLC lifted its stake 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 valued at $245,444,000 after purchasing an additional 83,452 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of AptarGroup by 29.4% in the 3rd 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 period. Hedge funds and other institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

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

AptarGroup Stock Down 1.4 %

ATR stock opened at $150.62 on Tuesday. AptarGroup, Inc. has a twelve month low of $135.96 and a twelve month high of $178.03. 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 firm has a market cap of $10.02 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The business has a 50 day moving average of $151.91 and a 200 day moving average of $159.16.

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, 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%. On average, research analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal 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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s payout ratio 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.