AptarGroup (NYSE:ATR) Shares Down 0.8% – What’s Next?

Shares of AptarGroup, Inc. (NYSE:ATR) were down 0.8% on Wednesday . The stock traded as low as $146.73 and last traded at $146.72. Approximately 18,715 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 379,464 shares. The stock had previously closed at $147.89.

Analysts Set New Price Targets

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

AptarGroup Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The stock’s 50 day moving average is $151.73 and its 200-day moving average is $159.15. The company has a market capitalization of $9.76 billion, a P/E ratio of 26.49, a P/E/G ratio of 3.89 and a beta of 0.56.

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

AptarGroup Dividend Announcement

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

Institutional Investors Weigh In On AptarGroup

Hedge funds and other institutional investors have recently bought and sold shares of the business. Howard Capital Management Group LLC grew its stake in shares of AptarGroup by 0.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock worth $21,125,000 after buying an additional 558 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of AptarGroup during the 3rd quarter valued at about $25,000. Atria Investments Inc raised its holdings in shares of AptarGroup by 42.5% during the third quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 1,283 shares during the last quarter. Venturi Wealth Management LLC lifted its position in AptarGroup by 42.9% during the third quarter. Venturi Wealth Management LLC now owns 636 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 191 shares during the period. Finally, Entropy Technologies LP purchased a new stake in AptarGroup in the third quarter worth approximately $1,042,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

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.