AptarGroup, Inc. (NYSE:ATR) Stake Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,120 shares of the industrial products company’s stock after purchasing an additional 5,158 shares during the period. Thrivent Financial for Lutherans’ holdings in AptarGroup were worth $5,046,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ATR. Flagship Wealth Advisors LLC acquired a new stake in AptarGroup during the fourth quarter worth about $173,000. Signaturefd LLC raised its position in shares of AptarGroup by 22.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 201 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of AptarGroup by 141.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,094 shares of the industrial products company’s stock worth $643,000 after purchasing an additional 2,397 shares during the period. Natixis Advisors LLC lifted its holdings in shares of AptarGroup by 6.7% in the 4th quarter. Natixis Advisors LLC now owns 121,095 shares of the industrial products company’s stock worth $19,024,000 after purchasing an additional 7,592 shares during the last quarter. Finally, Hilton Capital Management LLC boosted its position in AptarGroup by 4.5% during the 4th quarter. Hilton Capital Management LLC now owns 9,076 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 394 shares during the period. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Trading Up 2.2 %

AptarGroup stock opened at $147.95 on Tuesday. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. 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 stock has a market capitalization of $9.84 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56. The firm has a 50 day simple moving average of $150.31 and a 200-day simple moving average of $158.82.

AptarGroup (NYSE:ATR) last issued 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%. As a group, equities research analysts expect 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. Shareholders of record on Wednesday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Wall Street Analysts Forecast Growth

ATR has been the topic of a number of recent research reports. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research note 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 objective on the stock. in a research report on Monday, January 6th. Wells Fargo & Company decreased their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Raymond James reaffirmed 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. Finally, Robert W. Baird decreased 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 research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AptarGroup presently has an average rating of “Moderate Buy” and an average price target 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.