21,366 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,366 shares of the industrial products company’s stock, valued at approximately $3,357,000.

A number of other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc lifted its holdings in AptarGroup by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after buying an additional 72 shares during the last quarter. Commerce Bank lifted its position in AptarGroup by 3.3% during the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock worth $376,000 after buying an additional 75 shares in the last quarter. Blue Trust Inc. grew its holdings in AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 82 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its position in AptarGroup by 0.6% in the 4th quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock valued at $2,621,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Down 1.1 %

NYSE:ATR opened at $146.27 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The stock’s fifty day simple moving average is $150.91 and its 200-day simple moving average is $158.96. The firm has a market capitalization of $9.73 billion, a P/E ratio of 26.40, a P/E/G ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.23%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Wall Street Analysts Forecast Growth

ATR has been the topic of several research analyst reports. Raymond James reissued an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research note on Monday, January 6th. Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

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.