Mitsubishi UFJ Trust & Banking Corp Buys 2,778 Shares of AptarGroup, Inc. (NYSE:ATR)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in AptarGroup, Inc. (NYSE:ATR) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,350 shares of the industrial products company’s stock after acquiring an additional 2,778 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AptarGroup were worth $3,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new stake in shares of AptarGroup in the fourth quarter valued at about $42,000. Park Place Capital Corp bought a new stake in AptarGroup in the 4th quarter valued at approximately $67,000. Principal Securities Inc. boosted its position in AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 335 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of AptarGroup by 310.4% during the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 447 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 72 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATR has been the subject of several recent research reports. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a report on Monday, January 6th. Raymond James restated an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Robert W. Baird decreased 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. Finally, 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. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Stock Up 1.0 %

ATR stock opened at $148.36 on Tuesday. The business’s 50 day simple moving average is $149.53 and its 200 day simple moving average is $158.69. AptarGroup, Inc. has a 1-year low of $135.96 and a 1-year high of $178.03. The firm has a market capitalization of $9.86 billion, a PE ratio of 26.78, a PEG ratio of 3.89 and a beta of 0.56. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

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

AptarGroup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. 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.