Macquarie Group Ltd. Buys New Stake in AptarGroup, Inc. (ATR)
Macquarie Group Ltd. bought a new stake in shares of AptarGroup, Inc. (NYSE:ATR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,727 shares of the industrial products company’s stock, valued at approximately $753,000.
Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. bought a new stake in shares of AptarGroup during the second quarter valued at approximately $11,525,000. Chemical Bank bought a new position in AptarGroup in the second quarter worth approximately $313,000. Rhumbline Advisers raised its stake in AptarGroup by 6.3% in the third quarter. Rhumbline Advisers now owns 165,333 shares of the industrial products company’s stock worth $14,270,000 after buying an additional 9,810 shares in the last quarter. Nicholas Company Inc. raised its stake in AptarGroup by 1.0% in the second quarter. Nicholas Company Inc. now owns 594,775 shares of the industrial products company’s stock worth $51,662,000 after buying an additional 5,840 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in AptarGroup by 2.0% in the second quarter. Wells Fargo & Company MN now owns 702,142 shares of the industrial products company’s stock worth $60,988,000 after buying an additional 13,908 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.
ATR has been the subject of a number of recent research reports. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub downgraded shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Jefferies Group reaffirmed a “hold” rating and issued a $78.00 price target on shares of AptarGroup in a report on Thursday, August 31st. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a report on Friday, September 22nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $85.00 price target on shares of AptarGroup in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. AptarGroup currently has an average rating of “Hold” and an average price target of $84.57.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $87.28 on Tuesday. The firm has a market cap of $5,475.63, a price-to-earnings ratio of 26.64, a PEG ratio of 3.09 and a beta of 0.95. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. AptarGroup, Inc. has a 1-year low of $71.44 and a 1-year high of $90.79.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. AptarGroup had a net margin of 9.24% and a return on equity of 16.82%. The company had revenue of $624.33 million for the quarter, compared to analyst estimates of $599.31 million. During the same period in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. analysts predict that AptarGroup, Inc. will post 3.35 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 1st were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, October 31st. AptarGroup’s payout ratio is 37.43%.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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