AptarGroup (NYSE:ATR) Trading 0.6% Higher - Here's What Happened

Shares of AptarGroup, Inc. (NYSE:ATR - Get Free Report) rose 0.6% during mid-day trading on Monday . The company traded as high as $148.84 and last traded at $147.63. Approximately 65,461 shares changed hands during trading, a decline of 82% from the average daily volume of 372,212 shares. The stock had previously closed at $146.75.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on AptarGroup from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Raymond James restated an "outperform" rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, Bank of America downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $181.60.

Remove Ads

AptarGroup Price Performance

The stock has a market capitalization of $10.05 billion, a PE ratio of 27.29, a PEG ratio of 3.89 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. The company's 50 day simple moving average is $152.14 and its 200 day simple moving average is $158.96.

AptarGroup (NYSE:ATR - Get Free Report) last released its 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 net margin of 10.45% and a return on equity of 15.56%. On average, equities analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. AptarGroup's dividend payout ratio is presently 32.49%.

Institutional Trading of AptarGroup

Several institutional investors have recently made changes to their positions in ATR. Howard Capital Management Group LLC grew its stake in shares of AptarGroup by 0.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company's stock valued at $21,125,000 after buying an additional 558 shares during the period. Van ECK Associates Corp lifted its holdings in AptarGroup by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 37,849 shares of the industrial products company's stock worth $6,345,000 after buying an additional 10,815 shares in the last quarter. Centennial Wealth Advisory LLC acquired a new stake in shares of AptarGroup in the 3rd quarter valued at about $204,000. Capital Performance Advisors LLP acquired a new stake in shares of AptarGroup in the 3rd quarter valued at about $25,000. Finally, Atria Investments Inc raised its stake in shares of AptarGroup by 42.5% in the 3rd quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company's stock valued at $689,000 after purchasing an additional 1,283 shares in 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.