Norden Group LLC Makes New Investment in AptarGroup, Inc. (NYSE:ATR)

Norden Group LLC bought a new position in shares of AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 4,210 shares of the industrial products company’s stock, valued at approximately $661,000.

Several other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC acquired a new position in shares of AptarGroup in the fourth quarter valued at approximately $42,000. Huntington National Bank increased its stake in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after buying an additional 259 shares during the period. Park Place Capital Corp acquired a new position in shares of AptarGroup in the fourth quarter valued at approximately $67,000. Finally, Principal Securities Inc. increased its stake in shares of AptarGroup by 328.4% in 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 period. Institutional investors and hedge funds own 88.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATR. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research note on Monday, January 6th. Robert W. Baird lowered their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Raymond James reissued an “outperform” rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, 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. 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. According to data from MarketBeat.com, AptarGroup currently has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Stock Performance

NYSE:ATR opened at $146.47 on Tuesday. The company has a market capitalization of $9.74 billion, a PE ratio of 26.44, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a 50 day simple moving average of $152.78 and a two-hundred day simple moving average of $159.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a fifty-two week low of $135.96 and a fifty-two week high of $178.03.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results 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%. Research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, February 5th. AptarGroup’s payout ratio is 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.