AptarGroup (NYSE:ATR) Trading Down 0.2% - Here's Why

AptarGroup, Inc. (NYSE:ATR - Get Free Report) traded down 0.2% on Thursday . The stock traded as low as $145.92 and last traded at $146.76. 37,685 shares were traded during mid-day trading, a decline of 90% from the average session volume of 366,870 shares. The stock had previously closed at $147.04.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Robert W. Baird reduced their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. StockNews.com lowered AptarGroup from a "buy" rating to a "hold" rating 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 research note on Monday, January 6th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.60.

AptarGroup Stock Down 0.3 %

The firm has a 50-day moving average of $154.97 and a 200 day moving average of $158.78. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 3.84 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that AptarGroup, Inc. will post 5.66 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.23%. AptarGroup's dividend payout ratio is presently 32.49%.

Institutional Investors Weigh In On AptarGroup

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in AptarGroup during the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC purchased a new stake in AptarGroup during the 4th quarter worth approximately $42,000. Huntington National Bank increased its holdings in AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock worth $55,000 after purchasing an additional 259 shares during the last quarter. Park Place Capital Corp purchased a new stake in AptarGroup during the 4th quarter worth approximately $67,000. Finally, Principal Securities Inc. increased its holdings in AptarGroup by 328.4% during the 4th 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 currently owned by hedge funds and other institutional investors.

About AptarGroup

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.