Mitsubishi UFJ Asset Management Co. Ltd. Has $2.29 Million Stake in AptarGroup, Inc. (NYSE:ATR)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,742 shares of the industrial products company’s stock after selling 5,040 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AptarGroup were worth $2,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp lifted its stake in AptarGroup by 14.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,350 shares of the industrial products company’s stock valued at $3,511,000 after buying an additional 2,778 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in AptarGroup by 18.7% in the 4th quarter. Zions Bancorporation N.A. now owns 14,790 shares of the industrial products company’s stock worth $2,324,000 after purchasing an additional 2,330 shares during the period. Vanguard Group Inc. increased its holdings in AptarGroup by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after purchasing an additional 58,777 shares in the last quarter. LPL Financial LLC raised its stake in shares of AptarGroup by 18.7% in the 4th quarter. LPL Financial LLC now owns 42,783 shares of the industrial products company’s stock valued at $6,706,000 after purchasing an additional 6,742 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of AptarGroup during the fourth quarter worth about $2,514,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Up 0.7 %

AptarGroup stock opened at $149.35 on Wednesday. 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 company’s 50-day moving average is $149.32 and its 200-day moving average is $158.67. The firm has a market capitalization of $9.93 billion, a PE ratio of 26.96, a P/E/G ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03.

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

AptarGroup Announces Dividend

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

Wall Street Analyst Weigh In

ATR has been the topic of a number of recent research reports. Wells Fargo & Company cut 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. Raymond James reissued an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird decreased their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report 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 for the company. in a research note on Monday, January 6th. Finally, StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research 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 company’s stock. According to MarketBeat, the company has a consensus 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.