Jupiter Asset Management Ltd. Makes New $22.93 Million Investment in AptarGroup, Inc. (NYSE:ATR)

Jupiter Asset Management Ltd. purchased a new stake in AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, Holdings Channel reports. The fund purchased 145,924 shares of the industrial products company’s stock, valued at approximately $22,925,000.

Other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in AptarGroup by 0.5% in the third quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock worth $462,919,000 after acquiring an additional 14,001 shares in the last quarter. FMR LLC grew its stake 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 worth $298,626,000 after purchasing an additional 214,097 shares during the period. Geode Capital Management LLC increased 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 purchasing an additional 83,452 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of AptarGroup by 7.7% in the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after purchasing an additional 82,934 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in AptarGroup by 4.1% during the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock worth $110,490,000 after buying an additional 27,614 shares in the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James reaffirmed an “outperform” rating and issued a $190.00 target price (down 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. 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 report on Monday, February 10th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company decreased their price objective 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. Two equities 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Stock Performance

NYSE ATR opened at $145.82 on Thursday. 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 fifty-two week low of $135.96 and a fifty-two week high of $178.03. The business has a fifty day moving average of $151.51 and a 200-day moving average of $159.05. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last released its 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 net margin of 10.45% and a return on equity of 15.56%. As a group, analysts predict that AptarGroup, Inc. will post 5.57 earnings per share 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 issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.23%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

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.