Victory Capital Management Inc. Has $309.75 Million Holdings in AptarGroup, Inc. (NYSE:ATR)

Victory Capital Management Inc. trimmed its holdings in AptarGroup, Inc. (NYSE:ATR) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,971,672 shares of the industrial products company’s stock after selling 135,213 shares during the period. Victory Capital Management Inc. owned 2.96% of AptarGroup worth $309,750,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bahl & Gaynor Inc. raised its stake in AptarGroup by 111.2% in the 4th quarter. Bahl & Gaynor Inc. now owns 44,642 shares of the industrial products company’s stock valued at $7,013,000 after acquiring an additional 23,509 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of AptarGroup by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 418,737 shares of the industrial products company’s stock valued at $65,784,000 after purchasing an additional 2,885 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 447 shares during the period. Norden Group LLC acquired a new stake in shares of AptarGroup during the 4th quarter worth about $661,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of AptarGroup by 12.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock worth $102,000 after buying an additional 72 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Raymond James reissued an “outperform” rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research note on Monday, January 6th. Finally, Wells Fargo & Company dropped 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. Two equities research 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Stock Performance

NYSE:ATR opened at $145.78 on Wednesday. AptarGroup, Inc. has a twelve month low of $135.96 and a twelve month high of $178.03. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $152.51 and its 200 day simple moving average is $159.09. The firm has a market capitalization of $9.69 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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%. On average, analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

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

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.