Pictet Asset Management Holding SA Acquires 1,146 Shares of AptarGroup, Inc. (NYSE:ATR)

Pictet Asset Management Holding SA boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,513 shares of the industrial products company’s stock after purchasing an additional 1,146 shares during the period. Pictet Asset Management Holding SA’s holdings in AptarGroup were worth $1,494,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of AptarGroup by 58.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after purchasing an additional 5,248 shares during the last quarter. Geode Capital Management LLC boosted its position in AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after buying an additional 83,452 shares during the period. Inspire Investing LLC grew its holdings in AptarGroup by 282.9% in the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock worth $1,068,000 after acquiring an additional 5,024 shares during the last quarter. GAMMA Investing LLC increased its position in shares of AptarGroup by 67.6% in the fourth quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 404 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 127 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATR has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Robert W. Baird reduced their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Trading Down 5.8 %

NYSE:ATR opened at $140.09 on Friday. The firm 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 debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. AptarGroup, Inc. has a one year low of $135.96 and a one year high of $178.03. The company’s 50-day simple moving average is $148.57 and its 200 day simple moving average is $158.49.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping 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%. As a group, analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend 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 is currently 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.