AptarGroup's (ATR) Outperform Rating Reiterated at Raymond James

Raymond James reaffirmed their outperform rating on shares of AptarGroup (NYSE:ATR - Free Report) in a research report sent to investors on Monday,Benzinga reports. They currently have a $190.00 price target on the industrial products company's stock, down from their previous price target of $200.00.

Other equities research analysts have also issued research reports about the company. Bank of America lowered 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. Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and upped their price objective for the company from $155.00 to $215.00 in a report on Monday, October 14th. Dbs Bank upgraded shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company decreased 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. Finally, Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research report on Monday. Two equities research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $181.60.

AptarGroup Stock Performance

Shares of NYSE ATR traded up $1.81 during midday trading on Monday, reaching $143.51. The company had a trading volume of 435,177 shares, compared to its average volume of 361,810. AptarGroup has a 1 year low of $134.57 and a 1 year high of $178.03. The business's 50-day simple moving average is $158.06 and its 200 day simple moving average is $158.91. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.55 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.57 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.62% and a net margin of 10.45%. On average, analysts forecast that AptarGroup will post 5.95 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.25%. AptarGroup's dividend payout ratio is presently 32.49%.

Insiders Place Their Bets

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares of the company's stock, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On AptarGroup

Institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in AptarGroup during the third quarter worth $25,000. UMB Bank n.a. raised its position in shares of AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company's stock worth $38,000 after purchasing an additional 192 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in AptarGroup in the 4th quarter valued at about $42,000. Huntington National Bank boosted its holdings in AptarGroup by 312.0% in the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock worth $55,000 after buying an additional 259 shares during the last quarter. Finally, Park Place Capital Corp purchased a new stake in AptarGroup during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds 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.