ETF Managers Group LLC raised its stake in shares of AptarGroup, Inc. (NYSE:ATR) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,452 shares of the industrial products company’s stock after purchasing an additional 198 shares during the period. ETF Managers Group LLC’s holdings in AptarGroup were worth $137,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in ATR. Federated Investors Inc. PA lifted its position in AptarGroup by 2,451.7% during the third quarter. Federated Investors Inc. PA now owns 610,990 shares of the industrial products company’s stock valued at $65,828,000 after purchasing an additional 587,046 shares during the last quarter. FMR LLC lifted its position in AptarGroup by 50.8% during the third quarter. FMR LLC now owns 1,040,954 shares of the industrial products company’s stock valued at $112,154,000 after purchasing an additional 350,558 shares during the last quarter. Bessemer Group Inc. lifted its position in AptarGroup by 527.4% during the third quarter. Bessemer Group Inc. now owns 397,989 shares of the industrial products company’s stock valued at $42,880,000 after purchasing an additional 334,554 shares during the last quarter. Cornerstone Capital Inc. lifted its position in AptarGroup by 871.6% during the third quarter. Cornerstone Capital Inc. now owns 204,816 shares of the industrial products company’s stock valued at $22,067,000 after purchasing an additional 183,735 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in AptarGroup by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 957,820 shares of the industrial products company’s stock valued at $89,442,000 after purchasing an additional 182,471 shares during the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.
ATR has been the subject of several research analyst reports. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. UBS Group set a $106.00 target price on shares of AptarGroup and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $105.25.
In other AptarGroup news, Director Maritza Gomez Montiel sold 707 shares of AptarGroup stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $93.58, for a total transaction of $66,161.06. Following the transaction, the director now directly owns 4,033 shares of the company’s stock, valued at $377,408.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.
ATR stock opened at $101.70 on Tuesday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. AptarGroup, Inc. has a one year low of $81.59 and a one year high of $112.31. The company has a current ratio of 1.87, a quick ratio of 1.34 and a debt-to-equity ratio of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, January 30th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, January 29th. AptarGroup’s dividend payout ratio (DPR) is presently 39.53%.
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AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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