AptarGroup (NYSE:ATR) Hits New 12-Month Low - Here's What Happened

AptarGroup, Inc. (NYSE:ATR - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $130.85 and last traded at $132.88, with a volume of 23935 shares changing hands. The stock had previously closed at $140.18.

Analyst Upgrades and Downgrades

ATR has been the subject of a number of recent research reports. StockNews.com cut shares of AptarGroup from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Robert W. Baird decreased their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Bank of America lowered AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Raymond James restated an "outperform" rating and issued a $190.00 target price (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target 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. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup currently has a consensus rating of "Moderate Buy" and an average target price of $181.60.

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AptarGroup Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The business has a fifty day moving average price of $146.01 and a 200 day moving average price of $157.66.

AptarGroup (NYSE:ATR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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%. On average, equities analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.25%. AptarGroup's dividend payout ratio is currently 32.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AptarGroup by 58.9% during the 4th 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 period. Geode Capital Management LLC boosted its holdings 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 valued at $245,444,000 after purchasing an additional 83,452 shares in the last quarter. Inspire Investing LLC grew its stake in shares of AptarGroup by 282.9% in the 4th quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company's stock valued at $1,068,000 after purchasing an additional 5,024 shares during the period. GAMMA Investing LLC lifted its position in shares of AptarGroup by 67.6% during the 4th quarter. GAMMA Investing LLC now owns 1,002 shares of the industrial products company's stock worth $157,000 after buying an additional 404 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in AptarGroup by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,418 shares of the industrial products company's stock valued at $1,480,000 after acquiring an additional 127 shares during the period. 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.