AptarGroup, Inc. (NYSE:ATR) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its stake in AptarGroup, Inc. (NYSE:ATR) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,983 shares of the industrial products company’s stock after selling 540 shares during the quarter. New York Life Investment Management LLC’s holdings in AptarGroup were worth $1,097,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after purchasing an additional 479,193 shares during the period. FMR LLC increased its stake in AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after purchasing an additional 214,097 shares during the period. Massachusetts Financial Services Co. MA increased its stake in AptarGroup by 88.2% during the third 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. Geode Capital Management LLC increased its stake in AptarGroup by 5.8% during the third 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. Finally, Mawer Investment Management Ltd. increased its stake in AptarGroup by 7.7% during the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock worth $185,516,000 after purchasing an additional 82,934 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Down 0.2 %

ATR stock opened at $146.47 on Tuesday. The company’s 50 day moving average price is $152.78 and its 200 day moving average price is $159.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last announced its quarterly 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%. On average, equities research analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is 32.49%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ATR shares. Robert W. Baird cut their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reiterated an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AptarGroup presently 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.