Bridgewater Associates LP Takes $2.82 Million Position in AptarGroup, Inc. (NYSE:ATR)

Bridgewater Associates LP bought a new stake in AptarGroup, Inc. (NYSE:ATR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,018 shares of the industrial products company’s stock, valued at approximately $2,819,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hemenway Trust Co LLC raised its stake in AptarGroup by 4.2% during the 1st quarter. Hemenway Trust Co LLC now owns 171,531 shares of the industrial products company’s stock valued at $24,301,000 after acquiring an additional 6,960 shares during the last quarter. Credit Suisse AG raised its stake in AptarGroup by 1.7% during the 1st quarter. Credit Suisse AG now owns 76,931 shares of the industrial products company’s stock valued at $10,899,000 after acquiring an additional 1,279 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in AptarGroup by 9.8% during the 1st quarter. Ensign Peak Advisors Inc now owns 86,980 shares of the industrial products company’s stock valued at $12,323,000 after acquiring an additional 7,784 shares during the last quarter. Baird Financial Group Inc. raised its stake in AptarGroup by 7.2% during the 2nd quarter. Baird Financial Group Inc. now owns 19,310 shares of the industrial products company’s stock valued at $2,719,000 after acquiring an additional 1,300 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in AptarGroup by 13.7% during the 1st quarter. State of Wisconsin Investment Board now owns 122,518 shares of the industrial products company’s stock valued at $17,357,000 after acquiring an additional 14,781 shares during the last quarter. 87.25% of the stock is owned by hedge funds and other institutional investors.

ATR has been the subject of several analyst reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of AptarGroup in a research note on Thursday, September 9th. William Blair cut AptarGroup from an “outperform” rating to a “market perform” rating in a research report on Monday, August 2nd. Robert W. Baird dropped their target price on AptarGroup from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, September 13th. Finally, Zacks Investment Research cut AptarGroup from a “hold” rating to a “sell” rating and set a $146.00 target price on the stock. in a research report on Friday, July 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $153.67.

ATR opened at $127.39 on Thursday. The stock has a market cap of $8.40 billion, a P/E ratio of 33.61, a P/E/G ratio of 4.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.91 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $127.71 and its 200 day simple moving average is $138.58. AptarGroup, Inc. has a 1-year low of $110.34 and a 1-year high of $158.97.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, July 28th. The industrial products company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.06). The firm had revenue of $811.03 million during the quarter, compared to analyst estimates of $777.27 million. AptarGroup had a return on equity of 14.12% and a net margin of 8.27%. Research analysts expect that AptarGroup, Inc. will post 3.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 25th. Investors of record on Wednesday, August 4th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, August 3rd. AptarGroup’s dividend payout ratio is currently 41.76%.

AptarGroup Company Profile

AptarGroup, Inc develops manufactures and sales of consumer product dispensing systems. It operates through the following business segments: Beauty & Home, Pharma and Food & Beverage. The Beauty & Home segment primarily sells pumps, aerosol valves and accessories to the personal care and household markets and pumps and decorative components to the fragrance/cosmetic market.

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Institutional Ownership by Quarter for AptarGroup (NYSE:ATR)

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