Envestnet Portfolio Solutions Inc. Has $643,000 Holdings in AptarGroup, Inc. (NYSE:ATR)

Envestnet Portfolio Solutions Inc. increased its holdings in AptarGroup, Inc. (NYSE:ATR) by 141.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,094 shares of the industrial products company’s stock after buying an additional 2,397 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in AptarGroup were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ATR. State Street Corp lifted its position in shares of AptarGroup by 0.5% during the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after acquiring an additional 14,001 shares during the period. FMR LLC raised its stake in AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after purchasing an additional 214,097 shares in the last quarter. Geode Capital Management LLC lifted its position in AptarGroup by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after purchasing an additional 83,452 shares during the period. Congress Asset Management Co. grew its stake in AptarGroup by 4.1% during the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock worth $110,490,000 after buying an additional 27,614 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in AptarGroup by 8.6% in 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 period. 88.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on ATR shares. Wells Fargo & Company reduced their price target 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. Robert W. Baird decreased 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. Raymond James restated an “outperform” rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research 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 on the stock. in a research report on Monday, January 6th. Finally, StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Stock Performance

NYSE:ATR opened at $147.95 on Tuesday. The stock’s 50-day moving average is $150.31 and its 200-day moving average is $158.82. The stock has a market cap of $9.84 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. Equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given 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 1.22%. 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.