AptarGroup (NYSE:ATR) Stock Price Down 0.6% - Should You Sell?

AptarGroup, Inc. (NYSE:ATR - Get Free Report) traded down 0.6% during trading on Tuesday . The stock traded as low as $145.14 and last traded at $145.65. 68,519 shares changed hands during trading, a decline of 82% from the average session volume of 373,072 shares. The stock had previously closed at $146.59.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. 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 note on Monday, February 10th. StockNews.com downgraded AptarGroup from a "buy" rating to a "hold" rating in a research note 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 note on Monday, February 10th. Bank of America downgraded AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 price target for the company. in a research note on Monday, January 6th. Finally, Raymond James restated an "outperform" rating and issued a $190.00 price target (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Two investment 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 stock. According to MarketBeat, AptarGroup has an average rating of "Moderate Buy" and a consensus price target of $181.60.

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AptarGroup Stock Up 1.1 %

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 business has a 50-day moving average price of $152.03 and a 200-day moving average price of $159.01. The firm has a market cap of $10.16 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.89 and a beta of 0.59.

AptarGroup (NYSE:ATR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. On average, equities analysts forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

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

Institutional Investors Weigh In On AptarGroup

Several institutional investors have recently added to or reduced their stakes in ATR. CIBC Asset Management Inc raised its stake in shares of AptarGroup by 3.6% in the third quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company's stock worth $317,000 after purchasing an additional 68 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company's stock worth $102,000 after acquiring an additional 72 shares during the last quarter. Commerce Bank boosted its stake in shares of AptarGroup by 3.3% in the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company's stock worth $376,000 after acquiring an additional 75 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of AptarGroup by 9.3% in the fourth quarter. Blue Trust Inc. now owns 961 shares of the industrial products company's stock worth $154,000 after acquiring an additional 82 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in AptarGroup by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company's stock valued at $162,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds 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.