Corebridge Financial Inc. Trims Stock Position in AptarGroup, Inc. (NYSE:ATR)

Corebridge Financial Inc. decreased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,292 shares of the industrial products company’s stock after selling 3,212 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of AptarGroup worth $11,828,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATR. Vanguard Group Inc. boosted its position in shares of AptarGroup by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock valued at $1,132,222,000 after purchasing an additional 58,777 shares during the period. LPL Financial LLC lifted its stake in AptarGroup by 18.7% in the fourth quarter. LPL Financial LLC now owns 42,783 shares of the industrial products company’s stock valued at $6,706,000 after buying an additional 6,742 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of AptarGroup in the fourth quarter valued at approximately $2,514,000. Northwest & Ethical Investments L.P. purchased a new position in shares of AptarGroup during the fourth quarter worth approximately $1,223,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of AptarGroup by 4.0% in the 4th quarter. Teacher Retirement System of Texas now owns 58,499 shares of the industrial products company’s stock valued at $9,190,000 after acquiring an additional 2,239 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Trading Down 0.7 %

NYSE ATR opened at $147.01 on Wednesday. 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 has a market capitalization of $9.78 billion, a P/E ratio of 26.54, a P/E/G ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The firm has a 50-day moving average price of $150.16 and a 200 day moving average price of $158.78.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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%. Equities research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced 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 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATR shares. Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note 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. Raymond James reissued an “outperform” rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock 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 stock. According to data from MarketBeat, AptarGroup currently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Company 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.