Boston Family Office LLC Lowers Position in AptarGroup, Inc. (NYSE:ATR)

Boston Family Office LLC reduced its stake in AptarGroup, Inc. (NYSE:ATR) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 172,452 shares of the industrial products company’s stock after selling 2,119 shares during the period. AptarGroup comprises approximately 1.9% of Boston Family Office LLC’s investment portfolio, making the stock its 11th largest position. Boston Family Office LLC’s holdings in AptarGroup were worth $27,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of AptarGroup by 58.9% in the 4th 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. Geode Capital Management LLC raised its position in 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 purchasing an additional 83,452 shares during the period. Inspire Investing LLC lifted its stake in AptarGroup by 282.9% during the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock worth $1,068,000 after purchasing an additional 5,024 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of AptarGroup during the third quarter worth $1,310,000. Finally, GAMMA Investing LLC grew its stake in shares of AptarGroup by 67.6% in the fourth quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock valued at $157,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Stock Up 1.0 %

Shares of AptarGroup stock opened at $148.36 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The company has a market capitalization of $9.86 billion, a P/E ratio of 26.78, a P/E/G ratio of 3.89 and a beta of 0.56. The company has a 50 day moving average of $149.53 and a 200 day moving average of $158.69.

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, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. As a group, research analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Wall Street Analyst Weigh In

ATR has been the topic of several research reports. Robert W. Baird decreased their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Bank of America lowered shares of 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. Raymond James reaffirmed an “outperform” rating and set a $190.00 target price (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AptarGroup presently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

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.