State of Alaska Department of Revenue Has $1.19 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

State of Alaska Department of Revenue lessened its holdings in AptarGroup, Inc. (NYSE:ATR) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,591 shares of the industrial products company’s stock after selling 90 shares during the period. State of Alaska Department of Revenue’s holdings in AptarGroup were worth $1,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CIBC Asset Management Inc lifted its stake in shares of AptarGroup by 3.6% in 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. 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 acquiring an additional 75 shares during the last quarter. Ballentine Partners LLC lifted its position in AptarGroup by 2.3% during the 3rd quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock worth $531,000 after acquiring an additional 76 shares during the last quarter. Blue Trust Inc. lifted its position 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 lifted its position in AptarGroup by 0.6% during the 4th quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock worth $2,621,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Performance

NYSE ATR opened at $141.55 on Thursday. The stock has a market cap of $9.42 billion, a P/E ratio of 25.55, a PEG ratio of 2.57 and a beta of 0.59. The company’s 50-day simple moving average is $158.68 and its 200 day simple moving average is $159.03. AptarGroup, Inc. has a twelve month low of $134.57 and a twelve month high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.62%. As a group, research analysts forecast that AptarGroup, Inc. will post 5.95 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.27%. AptarGroup’s payout ratio is currently 32.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. Dbs Bank raised shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company cut their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

Insider Activity at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total transaction of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

About AptarGroup

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.