AptarGroup (NYSE:ATR) Trading Down 0.2% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR)’s share price traded down 0.2% during trading on Friday . The company traded as low as $146.19 and last traded at $146.34. Approximately 36,588 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 364,323 shares. The stock had previously closed at $146.68.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATR. Raymond James restated an “outperform” rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note 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. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AptarGroup has a consensus rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Price Performance

The stock’s 50 day simple moving average is $154.97 and its 200-day simple moving average is $158.78. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth ratio of 3.84 and a beta of 0.59. 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 (NYSE:ATR) last released 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%. Equities research analysts anticipate that AptarGroup, Inc. will post 5.66 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.24%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Institutional Investors Weigh In On AptarGroup

A number of hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in AptarGroup in the 4th quarter valued at about $116,265,000. Congress Asset Management Co. purchased a new stake in shares of AptarGroup in the third quarter valued at approximately $108,239,000. FMR LLC increased its holdings in shares of AptarGroup by 33.1% in the fourth quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Victory Capital Management Inc. lifted its position 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 worth $337,502,000 after buying an additional 479,193 shares in the last quarter. Finally, Bank of America Corp DE boosted 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 worth $74,312,000 after buying an additional 353,935 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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.