Great West Life Assurance Co. Can Acquires Shares of 48,026 AptarGroup, Inc. (NYSE:ATR)

Great West Life Assurance Co. Can purchased a new position in shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 48,026 shares of the industrial products company’s stock, valued at approximately $4,563,000.

Other institutional investors have also modified their holdings of the company. Crawford Investment Counsel Inc. purchased a new position in shares of AptarGroup during the 2nd quarter worth $432,000. Bank of Nova Scotia acquired a new stake in shares of AptarGroup during the 2nd quarter worth about $1,280,000. Bank of Montreal Can increased its position in shares of AptarGroup by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 215,299 shares of the industrial products company’s stock worth $22,269,000 after purchasing an additional 6,747 shares during the last quarter. Caxton Associates LP acquired a new position in AptarGroup in the 2nd quarter valued at about $962,000. Finally, OLD Mission Capital LLC acquired a new position in AptarGroup in the 2nd quarter valued at about $413,000. Hedge funds and other institutional investors own 89.37% of the company’s stock.

Insider Buying and Selling at AptarGroup

In other news, Director Matthew L. Trerotola acquired 3,170 shares of AptarGroup stock in a transaction on Thursday, November 3rd. The stock was bought at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the completion of the purchase, the director now owns 4,378 shares in the company, valued at $413,633.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by company insiders.

AptarGroup Stock Performance

Shares of AptarGroup stock opened at $113.29 on Monday. The business has a 50-day simple moving average of $108.84 and a 200-day simple moving average of $104.42. The company has a market cap of $7.40 billion, a PE ratio of 32.00, a P/E/G ratio of 4.36 and a beta of 0.62. AptarGroup, Inc. has a one year low of $90.23 and a one year high of $122.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.56.

AptarGroup (NYSE:ATR – Get Rating) last posted its earnings results on Thursday, October 27th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The firm had revenue of $836.90 million during the quarter, compared to analysts’ expectations of $838.49 million. AptarGroup had a return on equity of 13.02% and a net margin of 7.12%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts forecast that AptarGroup, Inc. will post 3.65 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 2nd will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, February 1st. AptarGroup’s dividend payout ratio is currently 42.94%.

Wall Street Analysts Forecast Growth

ATR has been the subject of several research reports. Wells Fargo & Company lifted their target price on AptarGroup from $109.00 to $121.00 and gave the company an “overweight” rating in a research report on Monday, January 9th. TheStreet raised AptarGroup from a “c+” rating to a “b-” rating in a research report on Tuesday, January 17th. Morgan Stanley dropped their target price on AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 18th. Bank of America dropped their target price on AptarGroup from $123.00 to $112.00 in a research report on Thursday, October 13th. Finally, BMO Capital Markets assumed coverage on AptarGroup in a research report on Monday, October 31st. They set a “buy” rating and a $135.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AptarGroup presently has a consensus rating of “Hold” and a consensus price target of $118.83.

AptarGroup Company Profile

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AptarGroup, Inc provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.