Mutual of America Capital Management LLC Decreases Stake in AptarGroup, Inc. (NYSE:ATR)

Mutual of America Capital Management LLC reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,150 shares of the industrial products company’s stock after selling 731 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of AptarGroup worth $5,522,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted 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 worth $462,919,000 after purchasing an additional 14,001 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after purchasing an additional 479,193 shares in the last quarter. FMR LLC boosted its position in shares of AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after purchasing an additional 214,097 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $245,444,000 after purchasing an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of AptarGroup by 7.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock worth $185,516,000 after purchasing an additional 82,934 shares in 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 research analyst reports. Raymond James restated an “outperform” rating and set a $190.00 target price (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird decreased their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company decreased 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. Finally, Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research report on Monday, January 6th. Two investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Price Performance

NYSE:ATR opened at $146.47 on Tuesday. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average is $152.78 and its two-hundred day moving average is $159.10. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03.

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

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. AptarGroup’s dividend payout ratio (DPR) is 32.49%.

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.