Moran Wealth Management LLC Acquires 791 Shares of AptarGroup, Inc. (NYSE:ATR)

Moran Wealth Management LLC boosted its holdings in AptarGroup, Inc. (NYSE:ATR) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,054 shares of the industrial products company’s stock after acquiring an additional 791 shares during the quarter. Moran Wealth Management LLC’s holdings in AptarGroup were worth $3,465,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in AptarGroup in the 3rd quarter worth about $25,000. Stonebridge Financial Group LLC bought a new position in shares of AptarGroup during the 4th quarter valued at about $42,000. Huntington National Bank increased its position in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 259 shares during the last quarter. Park Place Capital Corp bought a new position in shares of AptarGroup during the 4th quarter valued at about $67,000. Finally, Principal Securities Inc. increased its position in shares of AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 335 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors.

AptarGroup Trading Down 1.4 %

Shares of ATR stock opened at $150.62 on Tuesday. The stock has a market capitalization of $10.02 billion, a PE ratio of 27.19, a P/E/G ratio of 3.89 and a beta of 0.56. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03. The business has a 50-day moving average of $151.91 and a 200 day moving average of $159.16. 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 issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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%. As a group, sell-side analysts anticipate 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 was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is currently 32.49%.

Analyst Ratings Changes

ATR has been the topic of several recent research reports. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research report on Monday, January 6th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James reiterated an “outperform” rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Wells Fargo & Company reduced their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, 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 report on Monday, February 10th. 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 company currently has an average 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.