AptarGroup (NYSE:ATR) Price Target Lowered to $160.00 at Robert W. Baird

AptarGroup (NYSE:ATR - Get Free Report) had its price target cut by equities researchers at Robert W. Baird from $185.00 to $160.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's target price points to a potential upside of 11.95% from the stock's previous close.

Several other research firms also recently issued reports on ATR. Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and lifted their price target for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Dbs Bank raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Bank of America downgraded shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target on the stock. in a research note on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of AptarGroup from $185.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, Raymond James began coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They set an "outperform" rating and a $200.00 price target on the stock. Two equities research 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's stock. Based on data from MarketBeat.com, AptarGroup presently has a consensus rating of "Moderate Buy" and a consensus target price of $181.60.

AptarGroup Trading Up 0.9 %

Shares of ATR stock traded up $1.22 during mid-day trading on Monday, reaching $142.92. The company's stock had a trading volume of 665,877 shares, compared to its average volume of 370,375. The company's 50 day simple moving average is $158.06 and its 200-day simple moving average is $158.91. AptarGroup has a 12-month low of $134.57 and a 12-month high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $9.51 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.57 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last released 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 15.62%. On average, research analysts predict that AptarGroup will post 5.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the transaction, the executive vice president now directly owns 7,848 shares of the company's stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Farringdon Capital Ltd. acquired a new position in shares of AptarGroup in the 4th quarter valued at about $526,000. Delaney Dennis R boosted its holdings in shares of AptarGroup by 2.0% in the 4th quarter. Delaney Dennis R now owns 46,769 shares of the industrial products company's stock valued at $7,347,000 after buying an additional 895 shares during the period. Ontario Teachers Pension Plan Board boosted its holdings in shares of AptarGroup by 89.1% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 18,747 shares of the industrial products company's stock valued at $2,945,000 after buying an additional 8,832 shares during the period. XTX Topco Ltd acquired a new position in shares of AptarGroup in the 4th quarter valued at about $835,000. Finally, Barclays PLC boosted its holdings in shares of AptarGroup by 83.5% in the 4th quarter. Barclays PLC now owns 54,138 shares of the industrial products company's stock valued at $8,506,000 after buying an additional 24,639 shares during the period. 88.52% of the stock is 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.