Johnson Financial Group Inc. Makes New $75,000 Investment in AptarGroup, Inc. (NYSE:ATR)

Johnson Financial Group Inc. acquired a new position in AptarGroup, Inc. (NYSE:ATR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 480 shares of the industrial products company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of AptarGroup during the fourth quarter valued at approximately $116,265,000. FMR LLC grew its holdings in shares of AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after buying an additional 617,365 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of AptarGroup during the fourth quarter valued at approximately $22,925,000. Raymond James Financial Inc. purchased a new stake in shares of AptarGroup during the fourth quarter valued at approximately $21,941,000. Finally, Federated Hermes Inc. grew its holdings in shares of AptarGroup by 18.2% during the fourth quarter. Federated Hermes Inc. now owns 721,785 shares of the industrial products company’s stock valued at $113,392,000 after buying an additional 111,244 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Up 0.4 %

AptarGroup stock opened at $149.65 on Tuesday. The stock has a market cap of $9.87 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. 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 one year low of $130.85 and a one year high of $178.03. The stock has a fifty day moving average of $145.99 and a 200 day moving average of $156.65.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, sell-side analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 1st. AptarGroup’s dividend payout ratio is presently 32.49%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ATR. Raymond James cut their price target on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a report on Monday, January 6th. Robert W. Baird dropped their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company decreased their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.60.

AptarGroup Company 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.