Swiss National Bank Has $20.50 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

Swiss National Bank increased its stake in AptarGroup, Inc. (NYSE:ATR) by 0.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 130,500 shares of the industrial products company’s stock after buying an additional 1,100 shares during the period. Swiss National Bank’s holdings in AptarGroup were worth $20,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of 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 during the period. FMR LLC lifted its stake in AptarGroup by 13.0% in the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock valued at $298,626,000 after buying an additional 214,097 shares during the period. Geode Capital Management LLC lifted its stake in AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after buying an additional 83,452 shares during the period. Congress Asset Management Co. lifted its stake in AptarGroup by 4.1% in the fourth quarter. Congress Asset Management Co. now owns 703,308 shares of the industrial products company’s stock valued at $110,490,000 after buying an additional 27,614 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in AptarGroup by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 642,478 shares of the industrial products company’s stock valued at $100,933,000 after buying an additional 50,752 shares during the period. 88.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATR has been the topic of several recent analyst reports. Robert W. Baird dropped their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Raymond James restated an “outperform” rating and set a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Trading Down 1.1 %

NYSE ATR opened at $146.27 on Wednesday. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 52 week low of $135.96 and a 52 week high of $178.03. The business has a 50 day moving average price of $150.91 and a 200-day moving average price of $158.96. 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 (NYSE:ATR) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a dividend of $0.45 per share. 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 currently 32.49%.

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.