AptarGroup (NYSE:ATR) Trading Down 1.4% - Here's What Happened

Shares of AptarGroup, Inc. (NYSE:ATR - Get Free Report) fell 1.4% during mid-day trading on Tuesday . The stock traded as low as $147.94 and last traded at $148.47. 54,362 shares changed hands during trading, a decline of 86% from the average session volume of 381,914 shares. The stock had previously closed at $150.57.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATR. Raymond James reaffirmed an "outperform" rating and set a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on shares of 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 shares of 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. Robert W. Baird dropped their price target on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of AptarGroup from a "buy" rating to a "hold" rating 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.60.

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AptarGroup Price Performance

The business's 50 day moving average is $151.51 and its two-hundred day moving average is $159.05. The firm has a market cap of $9.70 billion, a P/E ratio of 26.32, a P/E/G ratio of 3.89 and a beta of 0.56. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share 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%. As a group, analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, February 5th. AptarGroup's dividend payout ratio (DPR) is currently 32.49%.

Institutional Investors Weigh In On AptarGroup

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in AptarGroup in the third quarter valued at $25,000. Stonebridge Financial Group LLC bought a new stake in AptarGroup in the fourth quarter valued at $42,000. Huntington National Bank increased its stake in AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 259 shares in the last quarter. Park Place Capital Corp bought a new stake in AptarGroup in the fourth quarter valued at $67,000. Finally, Principal Securities Inc. increased its stake in AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 335 shares in the last quarter. 88.52% of the stock is owned by 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.