Prudential Financial Inc. Purchases 2,690 Shares of AptarGroup, Inc. (NYSE:ATR)
Prudential Financial Inc. boosted its stake in AptarGroup, Inc. (NYSE:ATR) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 39,568 shares of the industrial products company’s stock after purchasing an additional 2,690 shares during the period. Prudential Financial Inc.’s holdings in AptarGroup were worth $4,920,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in AptarGroup in the second quarter worth about $44,000. Hilton Capital Management LLC bought a new stake in AptarGroup in the first quarter worth about $132,000. NN Investment Partners Holdings N.V. bought a new stake in AptarGroup in the second quarter worth about $179,000. NEXT Financial Group Inc bought a new stake in AptarGroup in the second quarter worth about $178,000. Finally, ETF Managers Group LLC raised its position in AptarGroup by 10.8% in the first quarter. ETF Managers Group LLC now owns 1,609 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 157 shares during the period. 89.22% of the stock is currently owned by institutional investors and hedge funds.
ATR has been the topic of several research reports. UBS Group lifted their price objective on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating and set a $126.00 price objective on the stock. in a research report on Tuesday. Finally, Morgan Stanley initiated coverage on shares of AptarGroup in a research report on Monday, July 8th. They issued an “overweight” rating and a $144.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $121.83.
Shares of NYSE ATR traded up $0.82 during midday trading on Friday, hitting $118.87. The company’s stock had a trading volume of 66,319 shares, compared to its average volume of 220,455. The stock has a fifty day moving average price of $120.87 and a 200 day moving average price of $114.89. AptarGroup, Inc. has a one year low of $88.26 and a one year high of $126.19. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 2.75 and a beta of 0.75.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. The company had revenue of $742.66 million for the quarter, compared to analyst estimates of $752.11 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that AptarGroup, Inc. will post 4.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 31st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, July 30th. AptarGroup’s dividend payout ratio (DPR) is currently 36.00%.
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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