Comerica Bank lessened its position in AptarGroup, Inc. (NYSE:ATR) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,951 shares of the industrial products company’s stock after selling 345 shares during the quarter. Comerica Bank’s holdings in AptarGroup were worth $4,465,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. Eagle Boston Investment Management Inc. grew its holdings in shares of AptarGroup by 1.2% in the first quarter. Eagle Boston Investment Management Inc. now owns 21,204 shares of the industrial products company’s stock worth $2,255,000 after acquiring an additional 257 shares during the period. Gardiner Nancy B grew its holdings in AptarGroup by 3.1% during the first quarter. Gardiner Nancy B now owns 14,670 shares of the industrial products company’s stock valued at $1,560,000 after purchasing an additional 440 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in AptarGroup during the first quarter valued at about $1,388,000. Janus Henderson Group PLC grew its holdings in AptarGroup by 13.8% during the first quarter. Janus Henderson Group PLC now owns 15,437 shares of the industrial products company’s stock valued at $1,642,000 after purchasing an additional 1,873 shares during the period. Finally, First Republic Investment Management Inc. grew its holdings in AptarGroup by 8.9% during the first quarter. First Republic Investment Management Inc. now owns 6,118 shares of the industrial products company’s stock valued at $651,000 after purchasing an additional 499 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.
A number of equities research analysts recently commented on ATR shares. Zacks Investment Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Deutsche Bank restated a “buy” rating and set a $124.00 price objective on shares of AptarGroup in a research report on Thursday, May 2nd. Vertical Research downgraded AptarGroup from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. UBS Group set a $106.00 price objective on AptarGroup and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, Robert W. Baird upgraded AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $106.78.
Shares of ATR stock opened at $113.24 on Thursday. AptarGroup, Inc. has a 1 year low of $88.26 and a 1 year high of $115.52. The company has a current ratio of 2.13, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 2.51 and a beta of 0.81.
AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The business had revenue of $744.46 million for the quarter, compared to the consensus estimate of $743.68 million. During the same period in the prior year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that AptarGroup, Inc. will post 4.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.36 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.34. The ex-dividend date is Tuesday, April 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.27%. AptarGroup’s dividend payout ratio is currently 36.00%.
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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 through three segments: Beauty + Home, Pharma, and Food + Beverage.
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