US Bancorp DE Acquires 6,545 Shares of AptarGroup, Inc. (NYSE:ATR)

US Bancorp DE lifted its holdings in AptarGroup, Inc. (NYSE:ATR) by 52.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,141 shares of the industrial products company’s stock after acquiring an additional 6,545 shares during the period. US Bancorp DE’s holdings in AptarGroup were worth $3,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AptarGroup by 58.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after acquiring an additional 5,248 shares during the period. Natixis Advisors LLC boosted its stake in AptarGroup by 43.8% during the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after buying an additional 34,573 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock valued at $7,066,000 after buying an additional 12,271 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $245,444,000 after buying an additional 83,452 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in 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 valued at $337,502,000 after buying an additional 479,193 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

AptarGroup Price Performance

NYSE:ATR opened at $151.18 on Friday. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 3.89 and a beta of 0.59. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03. The business has a 50 day simple moving average of $152.14 and a 200-day simple moving average of $158.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data 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 return on equity of 15.56% and a net margin of 10.45%. Equities analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were issued a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. AptarGroup’s payout ratio is 32.49%.

Wall Street Analysts Forecast Growth

ATR has been the subject of a number of research reports. Raymond James reissued an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Robert W. Baird dropped their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Bank of America lowered 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. Two research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.