8,790 Shares in AptarGroup, Inc. (NYSE:ATR) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in AptarGroup, Inc. (NYSE:ATR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,790 shares of the industrial products company’s stock, valued at approximately $1,381,000.

Several other hedge funds also recently made changes to their positions in ATR. Wealth Enhancement Advisory Services LLC boosted its position in shares of AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after purchasing an additional 5,248 shares during the period. Geode Capital Management LLC grew its position in shares of 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 worth $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Inspire Investing LLC raised its position in AptarGroup by 282.9% in the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock valued at $1,068,000 after purchasing an additional 5,024 shares during the last quarter. GAMMA Investing LLC boosted its stake in AptarGroup by 67.6% during the 4th quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 404 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in AptarGroup by 1.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

Shares of NYSE:ATR opened at $140.09 on Friday. The business has a 50-day moving average of $148.57 and a two-hundred day moving average of $158.45. The firm has a market capitalization of $9.32 billion, a PE ratio of 25.29, a P/E/G ratio of 3.89 and a beta of 0.56. 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, Inc. has a 12 month low of $135.96 and a 12 month high of $178.03.

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

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.28%. AptarGroup’s dividend payout ratio is currently 32.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ATR shares. Robert W. Baird decreased their target price on shares of 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 target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James reaffirmed an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

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.