Dynamic Technology Lab Private Ltd Invests $1.38 Million in AptarGroup, Inc. (NYSE:ATR)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of AptarGroup, Inc. (NYSE:ATR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,790 shares of the industrial products company’s stock, valued at approximately $1,381,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in AptarGroup in the fourth quarter valued at $116,265,000. Jupiter Asset Management Ltd. purchased a new stake in AptarGroup in the 4th quarter valued at about $22,925,000. Raymond James Financial Inc. purchased a new stake in AptarGroup in the 4th quarter valued at about $21,941,000. Geode Capital Management LLC boosted its stake in AptarGroup by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after buying an additional 83,452 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of AptarGroup by 11.1% during the fourth quarter. Handelsbanken Fonder AB now owns 598,830 shares of the industrial products company’s stock valued at $94,076,000 after acquiring an additional 60,000 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Performance

Shares of ATR opened at $140.09 on Friday. The stock has a 50-day simple moving average of $148.57 and a 200-day simple moving average of $158.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03. The stock has a market capitalization of $9.32 billion, a PE ratio of 25.29, a PEG ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 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%. On average, analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.28%. AptarGroup’s dividend payout ratio is currently 32.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James reiterated an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.