Picton Mahoney Asset Management Sells 220 Shares of AptarGroup, Inc. (NYSE:ATR)

Picton Mahoney Asset Management decreased its holdings in AptarGroup, Inc. (NYSE:ATR) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 14,600 shares of the industrial products company’s stock after selling 220 shares during the quarter. Picton Mahoney Asset Management’s holdings in AptarGroup were worth $2,293,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc raised its position in 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. Smartleaf Asset Management LLC raised its position in AptarGroup by 12.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 72 shares during the last quarter. Commerce Bank raised its position in AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after purchasing an additional 75 shares during the last quarter. Blue Trust Inc. raised its position in AptarGroup by 9.3% in the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 82 shares during the last quarter. Finally, Hanson & Doremus Investment Management raised its position in AptarGroup by 0.6% in 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 purchasing an additional 99 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Up 1.4 %

Shares of AptarGroup stock opened at $146.81 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. AptarGroup, Inc. has a 12 month low of $135.96 and a 12 month high of $178.03. The business has a fifty day simple moving average of $151.14 and a 200 day simple moving average of $158.98. The stock has a market cap of $9.76 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data 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%. Research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were paid 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 payout ratio is 32.49%.

Analyst Ratings Changes

Several brokerages have issued reports on ATR. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Robert W. Baird lowered 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 reissued an “outperform” rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Two 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup 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.