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

Shares of AptarGroup, Inc. (NYSE:ATR - Get Free Report) rose 0.6% during trading on Thursday . The stock traded as high as $149.43 and last traded at $149.34. Approximately 49,500 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 376,922 shares. The stock had previously closed at $148.44.

Analyst Ratings Changes

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

Remove Ads

AptarGroup Price Performance

The business's fifty day moving average is $152.03 and its 200-day moving average is $159.15. 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 firm has a market cap of $10.16 billion, a PE ratio of 27.59, a P/E/G ratio of 3.89 and a beta of 0.56.

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

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. AptarGroup's dividend payout ratio is presently 32.49%.

Hedge Funds Weigh In On AptarGroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in AptarGroup by 58.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company's stock worth $2,268,000 after purchasing an additional 5,248 shares during the period. Natixis Advisors LLC boosted its position in AptarGroup by 43.8% during the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company's stock worth $18,182,000 after purchasing an additional 34,573 shares during the period. Eagle Asset Management Inc. boosted its position in AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company's stock worth $7,066,000 after purchasing an additional 12,271 shares during the period. Geode Capital Management LLC boosted its position 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 worth $245,444,000 after purchasing an additional 83,452 shares during the period. Finally, Victory Capital Management Inc. boosted its position in AptarGroup by 29.4% during the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company's stock worth $337,502,000 after purchasing an additional 479,193 shares during the period. Institutional investors own 88.52% of the company's stock.

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.