Raymond James Financial Services Advisors Inc. Raises Stock Position in AptarGroup, Inc. (NYSE:ATR)

Raymond James Financial Services Advisors Inc. raised its holdings in AptarGroup, Inc. (NYSE:ATRGet Rating) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,010 shares of the industrial products company’s stock after purchasing an additional 737 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in AptarGroup were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ATR. CWM LLC lifted its holdings in shares of AptarGroup by 58.2% in the 2nd quarter. CWM LLC now owns 348 shares of the industrial products company’s stock valued at $36,000 after buying an additional 128 shares during the period. Eagle Bay Advisors LLC boosted its position in AptarGroup by 141.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 776 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 455 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of AptarGroup by 150.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,000 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 600 shares during the period. Wakefield Asset Management LLLP purchased a new position in shares of AptarGroup during the 2nd quarter valued at approximately $108,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of AptarGroup in the 2nd quarter valued at $153,000. 89.37% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Stock Up 0.1 %

Shares of ATR opened at $113.36 on Tuesday. The stock has a 50 day moving average price of $109.02 and a 200 day moving average price of $104.49. 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. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 4.34 and a beta of 0.62.

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

AptarGroup Announces Dividend

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

Insider Activity

In related news, Director Matthew L. Trerotola acquired 3,170 shares of AptarGroup stock in a transaction that occurred on Thursday, November 3rd. The shares were purchased at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the completion of the transaction, the director now owns 4,378 shares in the company, valued at approximately $413,633.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATR. BMO Capital Markets assumed coverage on shares of AptarGroup in a report on Monday, October 31st. They issued a “buy” rating and a $135.00 price objective for the company. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Sunday, January 15th. Wells Fargo & Company raised their price objective on AptarGroup from $109.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, January 9th. TheStreet upgraded AptarGroup from a “c+” rating to a “b-” rating in a research report on Tuesday, January 17th. Finally, Bank of America dropped their price target on shares of AptarGroup from $123.00 to $112.00 in a research note on Thursday, October 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, AptarGroup has an average rating of “Hold” and a consensus target price 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.

Further Reading

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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