Sterling Capital Management LLC Has $615,000 Stock Position in AptarGroup, Inc. (NYSE:ATR)

Sterling Capital Management LLC grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 55.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,912 shares of the industrial products company’s stock after purchasing an additional 1,394 shares during the quarter. Sterling Capital Management LLC’s holdings in AptarGroup were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of ATR. Wealth Enhancement Advisory Services LLC lifted its position in shares of AptarGroup by 58.9% in 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 during the last quarter. Inspire Investing LLC raised its stake in shares of AptarGroup by 282.9% in the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock valued at $1,068,000 after acquiring an additional 5,024 shares in the last quarter. GAMMA Investing LLC lifted its holdings in AptarGroup by 67.6% in the 4th quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 404 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in AptarGroup by 13.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company’s stock worth $1,494,000 after purchasing an additional 1,146 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 127 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATR has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research report on Monday, January 6th. Wells Fargo & Company cut 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. Finally, StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AptarGroup has an average rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Stock Down 0.8 %

NYSE ATR opened at $143.87 on Friday. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The stock has a market cap of $9.49 billion, a PE ratio of 25.97, a PEG ratio of 3.89 and a beta of 0.59. The firm has a 50-day simple moving average of $145.57 and a 200 day simple moving average of $157.27. 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 (NYSE:ATR) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping 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 year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. AptarGroup’s dividend payout ratio is currently 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.