AptarGroup (NYSE:ATR) Stock Price Down 0.6% – Should You Sell?

AptarGroup, Inc. (NYSE:ATR) dropped 0.6% on Tuesday . The stock traded as low as $145.14 and last traded at $145.65. Approximately 68,519 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 373,072 shares. The stock had previously closed at $146.59.

Analyst Ratings Changes

ATR has been the topic of several analyst reports. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research note on Monday, January 6th. Robert W. Baird reduced their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Raymond James reissued an “outperform” rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Trading Down 0.6 %

The business has a 50 day simple moving average of $152.78 and a 200-day simple moving average of $159.10. The stock has a market capitalization of $9.69 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.89 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 issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping 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%. On average, analysts predict that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

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

Hedge Funds Weigh In On AptarGroup

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in AptarGroup by 58.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after acquiring an additional 5,248 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of AptarGroup by 43.8% in the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after buying an additional 34,573 shares during the period. Eagle Asset Management Inc. lifted its position in shares of AptarGroup by 43.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after acquiring an additional 12,271 shares during the period. Geode Capital Management LLC grew its holdings in shares of AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after purchasing an additional 83,452 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of 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 purchasing an additional 479,193 shares during the period. Hedge funds and other 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.