Wells Fargo & Company MN Acquires 10,933 Shares of AptarGroup, Inc. (NYSE:ATR)

Wells Fargo & Company MN grew its holdings in AptarGroup, Inc. (NYSE:ATR) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122,465 shares of the industrial products company’s stock after buying an additional 10,933 shares during the quarter. Wells Fargo & Company MN’s holdings in AptarGroup were worth $19,239,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Broderick Brian C lifted its stake in AptarGroup by 2.4% during the fourth quarter. Broderick Brian C now owns 86,147 shares of the industrial products company’s stock worth $13,534,000 after purchasing an additional 1,980 shares during the period. Huntington National Bank raised its holdings in shares of AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock worth $73,000 after buying an additional 120 shares in the last quarter. Groupama Asset Managment lifted its position in shares of AptarGroup by 20.9% during the 4th quarter. Groupama Asset Managment now owns 5,397 shares of the industrial products company’s stock worth $846,000 after buying an additional 933 shares during the period. Trexquant Investment LP acquired a new stake in AptarGroup in the 4th quarter valued at $3,551,000. Finally, Headlands Technologies LLC bought a new stake in AptarGroup in the fourth quarter valued at $416,000. 88.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ATR shares. 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. Raymond James reissued an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report 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 report on Monday, January 6th. Finally, StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Two research 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. According to data from MarketBeat.com, AptarGroup currently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Price Performance

ATR opened at $144.22 on Monday. 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 $9.51 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company’s 50 day simple moving average is $146.01 and its 200-day simple moving average is $157.66. AptarGroup, Inc. has a one year low of $130.85 and a one year high of $178.03.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating 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%. Sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 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.