Tower Research Capital LLC TRC Purchases 2,314 Shares of AptarGroup, Inc. (NYSE:ATR)

Tower Research Capital LLC TRC increased its position in shares of AptarGroup, Inc. (NYSE:ATR) by 171.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,664 shares of the industrial products company’s stock after purchasing an additional 2,314 shares during the quarter. Tower Research Capital LLC TRC’s holdings in AptarGroup were worth $576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ATR. Vanguard Group Inc. increased its stake in shares of AptarGroup by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock valued at $1,132,222,000 after buying an additional 58,777 shares during the period. FMR LLC raised its stake in AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after buying an additional 617,365 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AptarGroup by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company’s stock valued at $248,570,000 after buying an additional 40,268 shares during the period. Mawer Investment Management Ltd. lifted its holdings in AptarGroup by 4.4% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,208,753 shares of the industrial products company’s stock valued at $189,895,000 after buying an additional 50,651 shares during the period. Finally, Norges Bank acquired a new position in AptarGroup in the fourth quarter valued at $116,265,000. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATR. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Wells Fargo & Company decreased their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company 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 target price for the company. in a research report on Monday, January 6th. Finally, Raymond James reduced their price objective on shares of AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.60.

AptarGroup Stock Up 0.4 %

AptarGroup stock opened at $149.65 on Tuesday. AptarGroup, Inc. has a twelve month low of $130.85 and a twelve month high of $178.03. The firm has a 50 day moving average price of $145.99 and a 200-day moving average price of $156.65. The company has a market capitalization of $9.87 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.89 and a beta of 0.59. 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 released its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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, equities analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, May 1st. AptarGroup’s payout ratio is currently 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.