Bank of New York Mellon Corp Acquires 50,752 Shares of AptarGroup, Inc. (NYSE:ATR)

Bank of New York Mellon Corp raised its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 8.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 642,478 shares of the industrial products company’s stock after acquiring an additional 50,752 shares during the quarter. Bank of New York Mellon Corp’s holdings in AptarGroup were worth $100,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATR. Capital Performance Advisors LLP bought a new position in shares of AptarGroup in the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new position in AptarGroup during the fourth quarter valued at approximately $42,000. Huntington National Bank raised its position in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 259 shares during the period. Park Place Capital Corp acquired a new stake in shares of AptarGroup in the fourth quarter worth $67,000. Finally, Principal Securities Inc. lifted its stake in shares of AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Raymond James reiterated 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. Wells Fargo & Company decreased their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Robert W. Baird dropped their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Bank of America cut 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. 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Stock Up 0.6 %

ATR stock opened at $146.56 on Friday. 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 company has a market cap of $9.75 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The business’s 50-day simple moving average is $153.02 and its 200 day simple moving average is $159.00.

AptarGroup (NYSE:ATR) last released its quarterly earnings data 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, research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was 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.