AptarGroup (NYSE:ATR) Shares Down 1% - Time to Sell?

AptarGroup, Inc. (NYSE:ATR - Get Free Report)'s stock price dropped 1% during trading on Friday . The stock traded as low as $149.43 and last traded at $149.60. Approximately 67,619 shares changed hands during trading, a decline of 82% from the average daily volume of 379,352 shares. The stock had previously closed at $151.15.

Analysts Set New Price Targets

ATR has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of AptarGroup from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Raymond James reiterated an "outperform" rating and issued a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird dropped their target price on shares of AptarGroup from $185.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Bank of America downgraded shares of AptarGroup from a "buy" rating to a "neutral" rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to 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 Trading Down 1.4 %

The company has a market cap of $10.02 billion, a P/E ratio of 27.19, a P/E/G ratio of 3.89 and a beta of 0.56. The stock's 50-day moving average is $151.91 and its two-hundred day moving average is $159.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95.

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 net margin of 10.45% and a return on equity of 15.56%. As a group, equities research analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 1.20%. AptarGroup's dividend payout ratio (DPR) is 32.49%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Menard Financial Group LLC bought a new position in AptarGroup during the fourth quarter valued at approximately $111,000. Jefferies Financial Group Inc. purchased a new stake in AptarGroup during the fourth quarter valued at approximately $1,705,000. Ascent Group LLC increased its holdings in AptarGroup by 88.3% during the fourth quarter. Ascent Group LLC now owns 4,105 shares of the industrial products company's stock valued at $645,000 after buying an additional 1,925 shares during the last quarter. Mackenzie Financial Corp increased its holdings in AptarGroup by 412.4% during the fourth quarter. Mackenzie Financial Corp now owns 19,260 shares of the industrial products company's stock valued at $3,026,000 after buying an additional 15,501 shares during the last quarter. Finally, Forum Financial Management LP purchased a new stake in AptarGroup during the fourth quarter valued at approximately $221,000. Institutional investors own 88.52% of the company's stock.

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.