New York State Common Retirement Fund Has $17.39 Million Stock Position in AptarGroup, Inc. (NYSE:ATR)

New York State Common Retirement Fund reduced its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,673 shares of the industrial products company’s stock after selling 6,827 shares during the quarter. New York State Common Retirement Fund owned 0.17% of AptarGroup worth $17,387,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. CIBC Asset Management Inc boosted its stake in AptarGroup by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock valued at $317,000 after buying an additional 68 shares in the last quarter. Commerce Bank boosted its stake in AptarGroup by 3.3% in the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after buying an additional 75 shares in the last quarter. Ballentine Partners LLC boosted its stake in AptarGroup by 2.3% in the third quarter. Ballentine Partners LLC now owns 3,315 shares of the industrial products company’s stock valued at $531,000 after buying an additional 76 shares in the last quarter. Blue Trust Inc. boosted its stake in AptarGroup by 9.3% in the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after buying an additional 82 shares in the last quarter. Finally, Hanson & Doremus Investment Management boosted its stake in AptarGroup by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock valued at $2,621,000 after buying an additional 99 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on ATR shares. Raymond James reiterated an “outperform” rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Bank of America downgraded 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, StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Two investment 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Price Performance

Shares of ATR opened at $146.24 on Friday. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03. 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 has a market capitalization of $9.72 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 3.90 and a beta of 0.59. The business has a 50-day moving average of $154.49 and a 200-day moving average of $158.92.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. AptarGroup’s payout ratio is currently 32.49%.

About AptarGroup

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.