Corient Private Wealth LLC Sells 475 Shares of AptarGroup, Inc. (NYSE:ATR)

Corient Private Wealth LLC reduced its holdings in AptarGroup, Inc. (NYSE:ATR) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 82,090 shares of the industrial products company’s stock after selling 475 shares during the quarter. Corient Private Wealth LLC’s holdings in AptarGroup were worth $12,896,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in AptarGroup in the 4th quarter worth about $42,000. Park Place Capital Corp purchased a new position in shares of AptarGroup in the 4th quarter worth about $67,000. Principal Securities Inc. boosted its holdings in shares of AptarGroup by 328.4% in the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 335 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of AptarGroup by 310.4% in the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 447 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of AptarGroup by 12.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 72 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Trading Up 0.5 %

Shares of ATR stock opened at $147.02 on Thursday. The stock has a market capitalization of $9.78 billion, a PE ratio of 26.54, a P/E/G ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03. The business has a 50-day moving average of $150.77 and a 200 day moving average of $158.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is currently 32.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Raymond James reiterated an “outperform” rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Wells Fargo & Company cut their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Robert W. Baird cut 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. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.