AptarGroup, Inc. (NYSE:ATR) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in AptarGroup, Inc. (NYSE:ATR) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,306 shares of the industrial products company’s stock after selling 164 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AptarGroup were worth $677,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Park Place Capital Corp bought a new position in AptarGroup in the 4th quarter valued at about $67,000. Howard Capital Management Group LLC lifted its stake in shares of AptarGroup by 1.0% in the 4th quarter. Howard Capital Management Group LLC now owns 133,200 shares of the industrial products company’s stock worth $20,926,000 after acquiring an additional 1,325 shares during the period. HB Wealth Management LLC bought a new position in shares of AptarGroup in the fourth quarter valued at approximately $369,000. Albert D Mason Inc. increased its stake in shares of AptarGroup by 1.3% during the fourth quarter. Albert D Mason Inc. now owns 10,252 shares of the industrial products company’s stock valued at $1,611,000 after acquiring an additional 135 shares during the period. Finally, Legacy Wealth Asset Management LLC bought a new stake in AptarGroup during the fourth quarter worth approximately $858,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

AptarGroup stock opened at $143.26 on Friday. AptarGroup, Inc. has a fifty-two week low of $131.51 and a fifty-two week high of $178.03. The firm’s 50 day simple moving average is $160.47 and its 200-day simple moving average is $158.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The company has a market cap of $9.53 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 2.59 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 9.40% and a return on equity of 14.92%. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.38 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio is currently 36.14%.

Insiders Place Their Bets

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the sale, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. This represents a 10.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ATR has been the subject of a number of research reports. Robert W. Baird increased their price target on AptarGroup from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Bank of America lowered shares of 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. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Raymond James began coverage on shares of AptarGroup in a report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AptarGroup presently has an average rating of “Buy” and a consensus target price of $190.60.

AptarGroup 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.