Voya Investment Management LLC Acquires 64,064 Shares of AptarGroup, Inc. (NYSE:ATR)

Voya Investment Management LLC grew its holdings in shares of AptarGroup, Inc. (NYSE:ATR) by 617.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,440 shares of the industrial products company’s stock after acquiring an additional 64,064 shares during the quarter. Voya Investment Management LLC’s holdings in AptarGroup were worth $11,695,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new stake in shares of AptarGroup during the 4th quarter valued at about $42,000. Park Place Capital Corp bought a new stake in AptarGroup in the 4th quarter worth approximately $67,000. Principal Securities Inc. lifted its position in 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. Huntington National Bank lifted its position in AptarGroup by 35.1% in the 4th quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock worth $73,000 after buying an additional 120 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in AptarGroup by 310.4% in the 4th quarter. Jones Financial Companies Lllp now owns 591 shares of the industrial products company’s stock worth $93,000 after buying an additional 447 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATR. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Raymond James dropped their target price on AptarGroup from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AptarGroup presently has a consensus rating of “Moderate Buy” and an average target price of $178.60.

AptarGroup Price Performance

ATR opened at $149.65 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. AptarGroup, Inc. has a 52-week low of $130.85 and a 52-week high of $178.03. The stock has a market capitalization of $9.87 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The stock’s 50 day moving average price is $145.99 and its 200-day moving average price is $156.65.

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

AptarGroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.80 annualized dividend and a yield of 1.20%. AptarGroup’s payout ratio is 32.49%.

AptarGroup Profile

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.