Envestnet Portfolio Solutions Inc. Purchases 2,397 Shares of AptarGroup, Inc. (NYSE:ATR)

Envestnet Portfolio Solutions Inc. grew its position in shares of AptarGroup, Inc. (NYSE:ATR) by 141.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,094 shares of the industrial products company’s stock after buying an additional 2,397 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in AptarGroup were worth $643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stonebridge Financial Group LLC bought a new stake in AptarGroup during the fourth quarter worth $42,000. Park Place Capital Corp bought a new stake in shares of AptarGroup during the 4th quarter worth $67,000. Principal Securities Inc. boosted its holdings in shares of AptarGroup by 328.4% in the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after buying an additional 335 shares during the last quarter. Jones Financial Companies Lllp grew its position in AptarGroup by 310.4% during the fourth quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock valued at $93,000 after buying an additional 447 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in AptarGroup by 12.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock worth $102,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Stock Performance

NYSE:ATR opened at $147.95 on Tuesday. AptarGroup, Inc. has a 52-week low of $135.96 and a 52-week high of $178.03. The business’s fifty day moving average is $150.31 and its 200 day moving average is $158.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. Research analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio (DPR) is currently 32.49%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ATR shares. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reiterated an “outperform” rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AptarGroup has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.