Wells Fargo & Company Issues Pessimistic Forecast for AptarGroup (NYSE:ATR) Stock Price

AptarGroup (NYSE:ATR) had its price objective trimmed by Wells Fargo & Company from $180.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

Other research analysts have also issued reports about the company. Robert W. Baird cut their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research note on Monday, January 6th. Raymond James began coverage on AptarGroup in a research note on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price objective for the company. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and increased their price objective for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Stock Performance

Shares of NYSE ATR opened at $141.55 on Monday. The business has a fifty day simple moving average of $158.68 and a 200 day simple moving average of $159.03. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 2.57 and a beta of 0.59. AptarGroup has a one year low of $134.57 and a one year high of $178.03.

AptarGroup (NYSE:ATR) last issued 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 15.62% and a net margin of 10.45%. Sell-side analysts expect that AptarGroup will post 5.95 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s payout ratio is presently 32.49%.

Insider Transactions at AptarGroup

In other news, EVP Kimberly Chainey sold 964 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the sale, the executive vice president now owns 7,848 shares in the company, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

Large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in AptarGroup in the third quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 192 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in AptarGroup in the fourth quarter valued at about $42,000. Huntington National Bank boosted its holdings in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 259 shares during the last quarter. Finally, Park Place Capital Corp bought a new position in AptarGroup in the fourth quarter valued at about $67,000. 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.