AptarGroup (NYSE:ATR) Shares Down 0.2% – What’s Next?

AptarGroup, Inc. (NYSE:ATR)’s stock price dropped 0.2% on Thursday . The company traded as low as $145.92 and last traded at $146.76. Approximately 37,685 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 366,870 shares. The stock had previously closed at $147.04.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James restated an “outperform” rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company cut their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Robert W. Baird lowered their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, 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 report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The stock has a market cap of $9.77 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.84 and a beta of 0.59. The business’s 50-day moving average price is $155.47 and its 200-day moving average price is $158.86.

AptarGroup (NYSE:ATR) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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%. As a group, sell-side analysts expect that AptarGroup, Inc. will post 5.66 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s payout ratio is 32.49%.

Institutional Trading of AptarGroup

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in AptarGroup in the 3rd quarter worth $25,000. Stonebridge Financial Group LLC purchased a new stake in AptarGroup in the 4th quarter worth $42,000. Huntington National Bank boosted its holdings in shares of AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 259 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of AptarGroup during the fourth quarter valued at about $67,000. Finally, Principal Securities Inc. increased its holdings in shares of AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 335 shares during the last quarter. 88.52% of the stock is owned by hedge funds and other institutional investors.

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.