Congress Wealth Management LLC DE Sells 606 Shares of AptarGroup, Inc. (NYSE:ATR)

Congress Wealth Management LLC DE decreased its position in AptarGroup, Inc. (NYSE:ATR) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,074 shares of the industrial products company’s stock after selling 606 shares during the quarter. Congress Wealth Management LLC DE’s holdings in AptarGroup were worth $13,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ATR. Vanguard Group Inc. increased its position in AptarGroup by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after purchasing an additional 58,777 shares during the last quarter. State Street Corp increased its holdings in shares of AptarGroup by 0.5% in the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock worth $462,919,000 after buying an additional 14,001 shares during the last quarter. FMR LLC raised its position in shares of AptarGroup by 13.0% during the 3rd quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after buying an additional 214,097 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AptarGroup by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Finally, Congress Asset Management Co. grew its position in AptarGroup by 4.1% in the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock worth $110,490,000 after acquiring an additional 27,614 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATR has been the topic of a number of recent research reports. Raymond James restated an “outperform” rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup 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 report on Monday, February 10th. Robert W. Baird cut their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, 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 report on Monday, January 6th. Two investment 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Trading Up 2.2 %

ATR stock opened at $147.95 on Tuesday. 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 company has a market capitalization of $9.84 billion, a PE ratio of 26.71, a P/E/G ratio of 3.89 and a beta of 0.56. The firm’s 50-day moving average is $150.31 and its 200 day moving average is $158.82. AptarGroup, Inc. has a 12 month low of $135.96 and a 12 month high of $178.03.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results 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%. On average, research analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio is currently 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.