Huntington National Bank Purchases 120 Shares of AptarGroup, Inc. (NYSE:ATR)

Huntington National Bank lifted its position in shares of AptarGroup, Inc. (NYSE:ATR) by 35.1% during the 4th quarter, Holdings Channel reports. The firm owned 462 shares of the industrial products company’s stock after purchasing an additional 120 shares during the quarter. Huntington National Bank’s holdings in AptarGroup were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new stake in shares of AptarGroup in the fourth quarter valued at approximately $116,265,000. Jupiter Asset Management Ltd. acquired a new stake in AptarGroup during the 4th quarter valued at $22,925,000. Raymond James Financial Inc. bought a new position in AptarGroup during the fourth quarter worth $21,941,000. Geode Capital Management LLC increased its holdings in shares of AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after purchasing an additional 83,452 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of AptarGroup by 11.1% in the fourth quarter. Handelsbanken Fonder AB now owns 598,830 shares of the industrial products company’s stock valued at $94,076,000 after purchasing an additional 60,000 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

NYSE:ATR opened at $140.09 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 3.89 and a beta of 0.59. The stock has a fifty day moving average price of $148.57 and a 200-day moving average price of $158.53.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s payout ratio is presently 32.49%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ATR shares. Robert W. Baird reduced their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Raymond James reaffirmed 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. Wells Fargo & Company lowered their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a report on Monday, January 6th. Two 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 company. According to data from MarketBeat, the stock currently has a consensus 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.