TCV Trust & Wealth Management Inc. Acquires Shares of 1,500 AptarGroup, Inc. (NYSE:ATR)

TCV Trust & Wealth Management Inc. purchased a new position in AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, Holdings Channel reports. The fund purchased 1,500 shares of the industrial products company’s stock, valued at approximately $236,000.

Other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in AptarGroup by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after acquiring an additional 68 shares during the period. Commerce Bank raised its holdings in shares of AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 75 shares during the period. Ballentine Partners LLC lifted its stake in AptarGroup by 2.3% in the third quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock valued at $531,000 after purchasing an additional 76 shares during the last quarter. Blue Trust Inc. increased its position in AptarGroup by 9.3% in the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock worth $154,000 after buying an additional 82 shares during the last quarter. Finally, Hanson & Doremus Investment Management raised its stake in shares of AptarGroup by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock valued at $2,621,000 after buying an additional 99 shares during the period. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Raymond James reissued an “outperform” rating and issued a $190.00 price target (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 report on Monday. Finally, Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday. Two equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

Insider Buying and Selling

In related news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

AptarGroup Trading Down 0.6 %

Shares of AptarGroup stock opened at $142.36 on Wednesday. The company’s 50-day moving average price is $159.28 and its 200-day moving average price is $159.06. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. AptarGroup, Inc. has a 12-month low of $134.57 and a 12-month high of $178.03. The company has a market cap 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 (NYSE:ATR) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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 15.62%. On average, equities analysts expect that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s dividend 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.