Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,500 shares of the industrial products company’s stock after selling 3,200 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.17% of AptarGroup worth $10,800,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in AptarGroup by 74.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,474,217 shares of the industrial products company’s stock valued at $170,449,000 after acquiring an additional 628,945 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of AptarGroup by 43.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,900 shares of the industrial products company’s stock valued at $219,782,000 after purchasing an additional 578,200 shares in the last quarter. Norges Bank purchased a new position in shares of AptarGroup in the fourth quarter valued at $57,664,000. Bessemer Group Inc. raised its stake in shares of AptarGroup by 25.3% during the 1st quarter. Bessemer Group Inc. now owns 833,953 shares of the industrial products company’s stock valued at $83,010,000 after purchasing an additional 168,631 shares during the period. Finally, Nuance Investments LLC lifted its holdings in AptarGroup by 284.2% during the 4th quarter. Nuance Investments LLC now owns 178,990 shares of the industrial products company’s stock worth $20,695,000 after purchasing an additional 132,401 shares in the last quarter. 87.81% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets upgraded AptarGroup from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Tuesday, March 24th. Deutsche Bank decreased their target price on shares of AptarGroup from $124.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Bank of America raised shares of AptarGroup from a “neutral” rating to a “buy” rating and raised their price target for the company from $101.00 to $131.00 in a report on Monday, April 27th. Morgan Stanley decreased their price target on shares of AptarGroup from $116.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. Finally, Wells Fargo & Co lowered their price objective on AptarGroup from $122.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $117.43.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.06. AptarGroup had a return on equity of 16.05% and a net margin of 8.26%. The business had revenue of $721.50 million for the quarter, compared to the consensus estimate of $716.79 million. During the same quarter last year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts predict that AptarGroup, Inc. will post 3.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, April 29th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $1.44 dividend on an annualized basis and a yield of 1.37%. AptarGroup’s payout ratio is 36.46%.
AptarGroup Company Profile
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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