Mitsubishi UFJ Asset Management Co. Ltd. Has $2.29 Million Stake in AptarGroup, Inc. (NYSE:ATR)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in shares of AptarGroup, Inc. (NYSE:ATR) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,742 shares of the industrial products company’s stock after selling 5,040 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in AptarGroup were worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 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 acquired a new position in shares of AptarGroup during the 4th quarter worth approximately $67,000. Principal Securities Inc. increased 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 worth $69,000 after purchasing an additional 335 shares during the period. Jones Financial Companies Lllp raised its position in shares of AptarGroup by 310.4% in the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock valued at $93,000 after buying an additional 447 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake 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 buying an additional 72 shares during the period. 88.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ATR. 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 note on Monday, January 6th. Robert W. Baird cut their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Raymond James restated 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. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Trading Up 0.7 %

Shares of AptarGroup stock opened at $149.35 on Wednesday. The firm has a market capitalization of $9.93 billion, a PE ratio of 26.96, a price-to-earnings-growth 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. The firm’s 50 day moving average is $149.32 and its 200 day moving average is $158.67. AptarGroup, Inc. has a 1 year low of $135.96 and a 1 year high of $178.03.

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

AptarGroup Dividend Announcement

The company 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s payout ratio is 32.49%.

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.