Neuberger Berman Group LLC Reduces Position in AptarGroup, Inc. (ATR)
Neuberger Berman Group LLC lessened its position in shares of AptarGroup, Inc. (NYSE:ATR) by 12.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,046,940 shares of the industrial products company’s stock after selling 282,321 shares during the quarter. Neuberger Berman Group LLC owned about 3.29% of AptarGroup worth $176,671,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation purchased a new position in shares of AptarGroup in the 3rd quarter valued at approximately $187,000. Cigna Investments Inc. New purchased a new position in shares of AptarGroup in the 2nd quarter valued at approximately $206,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AptarGroup by 8.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 187 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of AptarGroup by 233.1% in the 2nd quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 4,428 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in shares of AptarGroup in the 3rd quarter valued at approximately $221,000. Institutional investors own 91.00% of the company’s stock.
ATR has been the topic of several analyst reports. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and issued a $85.00 target price on shares of AptarGroup in a research note on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and issued a $78.00 target price on shares of AptarGroup in a research note on Thursday, August 31st. Finally, BidaskClub downgraded AptarGroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $84.57.
Shares of AptarGroup, Inc. (ATR) opened at $86.69 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. AptarGroup, Inc. has a 12 month low of $71.44 and a 12 month high of $90.79. The firm has a market capitalization of $5,384.06, a P/E ratio of 26.19, a P/E/G ratio of 3.04 and a beta of 0.95.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The firm had revenue of $624.33 million for the quarter, compared to the consensus estimate of $599.31 million. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts anticipate that AptarGroup, Inc. will post 3.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 1st were paid a $0.32 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/neuberger-berman-group-llc-reduces-position-in-aptargroup-inc-atr/1763271.html.
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.
Want to see what other hedge funds are holding ATR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AptarGroup, Inc. (NYSE:ATR).
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.