AptarGroup, Inc. (NYSE:ATR) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its position in AptarGroup, Inc. (NYSE:ATR) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,983 shares of the industrial products company’s stock after selling 540 shares during the quarter. New York Life Investment Management LLC’s holdings in AptarGroup were worth $1,097,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 5,248 shares during the period. Natixis Advisors LLC raised its position in AptarGroup by 43.8% in the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after acquiring an additional 34,573 shares in the last quarter. Eagle Asset Management Inc. raised its position in AptarGroup by 43.9% in the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after acquiring an additional 12,271 shares in the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 83,452 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after buying an additional 479,193 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Trading Down 0.2 %

NYSE:ATR opened at $146.47 on Tuesday. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The firm has a market capitalization of $9.74 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The business has a 50 day simple moving average of $152.78 and a 200 day simple moving average of $159.10.

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

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. 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 1.23%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Analyst Upgrades and Downgrades

ATR has been the subject of a number of recent research reports. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Robert W. Baird reduced their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $190.00 price objective (down 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AptarGroup currently has an average rating of “Moderate Buy” and a consensus price target of $181.60.

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.