AptarGroup, Inc. (NYSE:ATR) Stock Holdings Decreased by Prudential Financial Inc.

Prudential Financial Inc. lessened its stake in AptarGroup, Inc. (NYSE:ATR) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,686 shares of the industrial products company’s stock after selling 1,500 shares during the quarter. Prudential Financial Inc.’s holdings in AptarGroup were worth $1,435,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after buying an additional 58,777 shares during the last quarter. State Street Corp raised its holdings in shares of AptarGroup by 0.5% during the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock worth $462,919,000 after purchasing an additional 14,001 shares during the period. Geode Capital Management LLC lifted its position in shares of AptarGroup by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after buying an additional 83,452 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of AptarGroup by 4.1% in the 4th quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock valued at $110,490,000 after buying an additional 27,614 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of AptarGroup by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 642,478 shares of the industrial products company’s stock valued at $100,933,000 after buying an additional 50,752 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Robert W. Baird reduced their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Raymond James reiterated an “outperform” rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut their price objective on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Stock Performance

ATR stock opened at $140.09 on Friday. The company has a market capitalization of $9.32 billion, a P/E ratio of 25.29, a PEG ratio of 3.89 and a beta of 0.56. 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 50-day simple moving average of $148.57 and a 200 day simple moving average of $158.49. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results 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%. Sell-side analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.28%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

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.