AptarGroup, Inc. (NYSE:ATR) Shares Purchased by Amalgamated Bank

Amalgamated Bank raised its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,497 shares of the industrial products company’s stock after purchasing an additional 163 shares during the period. Amalgamated Bank’s holdings in AptarGroup were worth $5,105,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ATR. CIBC Asset Management Inc lifted its position in AptarGroup by 3.6% during the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after buying an additional 68 shares in the last quarter. Commerce Bank increased its stake in shares of AptarGroup by 3.3% in 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. Blue Trust Inc. increased its stake in shares of AptarGroup by 9.3% in 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. Hanson & Doremus Investment Management boosted its position in shares of AptarGroup by 0.6% during 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 during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of AptarGroup by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company’s stock valued at $2,906,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Down 0.7 %

Shares of NYSE ATR opened at $145.66 on Friday. 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 business’s 50 day moving average is $153.26 and its two-hundred day moving average is $158.87. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data 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 return on equity of 15.56% and a net margin of 10.45%. Research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.24%. AptarGroup’s dividend payout ratio is presently 32.49%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ATR shares. 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 report on Monday, January 6th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Robert W. Baird cut their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Raymond James restated an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, Wells Fargo & Company lowered their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Two investment 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 stock. According to MarketBeat.com, AptarGroup presently has an average rating of “Moderate Buy” and an average target price 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.