Mawer Investment Management Ltd. increased its stake in AptarGroup, Inc. (NYSE:ATR) by 0.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,091,825 shares of the industrial products company’s stock after acquiring an additional 2,555 shares during the period. AptarGroup comprises approximately 0.9% of Mawer Investment Management Ltd.’s portfolio, making the stock its 29th biggest holding. Mawer Investment Management Ltd.’s holdings in AptarGroup were worth $149,445,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. JJJ Advisors Inc. raised its holdings in shares of AptarGroup by 1,077.8% in the 4th quarter. JJJ Advisors Inc. now owns 212 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 194 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in AptarGroup by 2,830.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 293 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 283 shares during the last quarter. Huntington National Bank lifted its stake in AptarGroup by 268.2% in the fourth quarter. Huntington National Bank now owns 243 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 177 shares during the last quarter. Whittier Trust Co. lifted its stake in AptarGroup by 170.0% in the fourth quarter. Whittier Trust Co. now owns 270 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 170 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in AptarGroup in the third quarter worth $63,000. 87.04% of the stock is currently owned by institutional investors.
Several research firms have weighed in on ATR. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AptarGroup from $127.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, January 20th. Wells Fargo & Company boosted their price target on shares of AptarGroup from $135.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, January 11th. Finally, Morgan Stanley boosted their price target on shares of AptarGroup from $122.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 12th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $136.67.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, February 17th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.02. AptarGroup had a net margin of 7.34% and a return on equity of 14.24%. As a group, sell-side analysts forecast that AptarGroup, Inc. will post 3.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 17th. Investors of record on Wednesday, January 27th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, January 26th. AptarGroup’s payout ratio is currently 36.46%.
In related news, insider Marc Prieur sold 4,026 shares of the stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $129.03, for a total value of $519,474.78. Following the completion of the transaction, the insider now directly owns 13,927 shares of the company’s stock, valued at $1,797,000.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.
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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