AptarGroup, Inc. (NYSE:ATR) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its position in AptarGroup, Inc. (NYSE:ATR) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,028 shares of the industrial products company’s stock after buying an additional 86 shares during the quarter. Bessemer Group Inc.’s holdings in AptarGroup were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ATR. Wealth Enhancement Advisory Services LLC increased its holdings in AptarGroup by 58.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after buying an additional 5,248 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of AptarGroup by 282.9% in the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock valued at $1,068,000 after acquiring an additional 5,024 shares during the last quarter. GAMMA Investing LLC raised its position in shares of AptarGroup by 67.6% during the 4th quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 404 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of AptarGroup by 13.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company’s stock worth $1,494,000 after acquiring an additional 1,146 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in AptarGroup by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 127 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ATR shares. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. StockNews.com cut 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 for the company in a research note on Monday, February 10th. Robert W. Baird reduced their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Raymond James restated an “outperform” rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Price Performance

Shares of ATR opened at $145.41 on Thursday. 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 $130.85 and a fifty-two week high of $178.03. The firm has a 50-day simple moving average of $145.55 and a 200-day simple moving average of $157.38. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth 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 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%. On average, equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 yield of 1.24%. 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.