Bridges Investment Management Inc. Has $33.26 Million Stock Holdings in AptarGroup, Inc. (NYSE:ATR)

Bridges Investment Management Inc. trimmed its position in AptarGroup, Inc. (NYSE:ATR) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,718 shares of the industrial products company’s stock after selling 1,751 shares during the period. Bridges Investment Management Inc. owned approximately 0.32% of AptarGroup worth $33,261,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of AptarGroup during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new stake in AptarGroup during the 4th quarter valued at $42,000. Huntington National Bank raised its holdings in AptarGroup by 312.0% during the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after buying an additional 259 shares during the last quarter. Park Place Capital Corp bought a new position in shares of AptarGroup in the fourth quarter valued at $67,000. Finally, Principal Securities Inc. grew its holdings in shares of AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after buying an additional 335 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

AptarGroup Stock Up 0.6 %

ATR stock opened at $146.56 on Friday. The stock has a market cap of $9.75 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $153.02 and its two-hundred day simple moving average is $159.00. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping 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%. Analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid 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 1.23%. AptarGroup’s payout ratio is currently 32.49%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ATR shares. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a 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 on the stock in a report on Monday, February 10th. Raymond James reiterated an “outperform” rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company dropped their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

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.