Brokerages Set AptarGroup, Inc. (NYSE:ATR) Target Price at $181.60

AptarGroup, Inc. (NYSE:ATR) has been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $181.60.

ATR has been the topic of several recent analyst reports. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research report on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Robert W. Baird lowered their target price 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 restated an “outperform” rating and set a $190.00 target price (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Institutional Trading of AptarGroup

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in AptarGroup by 58.9% during 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 during the last quarter. Natixis Advisors LLC boosted its position in AptarGroup by 43.8% during the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after acquiring an additional 34,573 shares during the last quarter. Eagle Asset Management Inc. boosted its position in AptarGroup by 43.9% during the third 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 last quarter. Geode Capital Management LLC boosted its position in AptarGroup by 5.8% during the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after acquiring an additional 83,452 shares during the last quarter. Finally, Victory Capital Management Inc. boosted 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 acquiring an additional 479,193 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Trading Down 0.2 %

NYSE ATR opened at $146.47 on Tuesday. The stock 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 has a 52-week low of $135.96 and a 52-week high of $178.03. The firm has a 50-day moving average price of $152.78 and a 200 day moving average price of $159.10. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

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 the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. Equities research analysts expect that AptarGroup will post 5.57 EPS for the current 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 given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.23%. AptarGroup’s dividend payout ratio is presently 32.49%.

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.