AptarGroup (NYSE:ATR) Shares Up 0.6% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR) traded up 0.6% during trading on Monday . The company traded as high as $148.84 and last traded at $147.63. 65,461 shares changed hands during trading, a decline of 82% from the average session volume of 372,212 shares. The stock had previously closed at $146.75.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America cut 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. Wells Fargo & Company dropped their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Robert W. Baird reduced their price objective 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 reaffirmed an “outperform” rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Trading Down 0.2 %

The company’s fifty day moving average is $153.02 and its 200-day moving average is $159.10. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $9.74 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Hedge Funds Weigh In On AptarGroup

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in AptarGroup in the 4th quarter worth $116,265,000. FMR LLC grew its position in AptarGroup by 33.1% during the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after buying an additional 617,365 shares in the last quarter. Victory Capital Management Inc. increased its stake in AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after acquiring an additional 479,193 shares during the period. Bank of America Corp DE increased its stake in AptarGroup by 297.2% during the fourth quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock valued at $74,312,000 after acquiring an additional 353,935 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in AptarGroup in the 4th quarter valued at approximately $22,925,000. Institutional investors own 88.52% of the company’s stock.

AptarGroup Company 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.