Y Intercept Hong Kong Ltd Takes Position in AptarGroup, Inc. (NYSE:ATR)

Y Intercept Hong Kong Ltd bought a new stake in AptarGroup, Inc. (NYSE:ATR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,574 shares of the industrial products company’s stock, valued at approximately $1,504,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in shares of AptarGroup by 0.5% during 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after acquiring an additional 479,193 shares in the last quarter. FMR LLC raised its holdings in shares of AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after acquiring an additional 214,097 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 83,452 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its holdings in shares of AptarGroup by 7.7% during the third quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock worth $185,516,000 after acquiring an additional 82,934 shares in the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Price Performance

Shares of ATR stock opened at $147.82 on Wednesday. AptarGroup, Inc. has a 12-month low of $135.96 and a 12-month high of $178.03. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth 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. The firm has a fifty day moving average of $154.05 and a 200-day moving average of $159.02.

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, beating 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, equities research analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio is 32.49%.

Wall Street Analyst Weigh In

ATR has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating 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 price target on the stock. in a research report on Monday, January 6th. Finally, Robert W. Baird lowered their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Two research 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 company’s stock. Based on data from MarketBeat.com, AptarGroup has a consensus rating of “Moderate Buy” and a consensus 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.