AptarGroup (NYSE:ATR) Shares Up 0.3% - Here's Why

AptarGroup, Inc. (NYSE:ATR - Get Free Report)'s share price rose 0.3% during trading on Monday . The company traded as high as $147.73 and last traded at $147.09. Approximately 22,747 shares were traded during trading, a decline of 92% from the average daily volume of 288,678 shares. The stock had previously closed at $146.66.

Wall Street Analysts Forecast Growth

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

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AptarGroup Stock Down 0.7 %

The firm's fifty day moving average price is $150.60 and its 200-day moving average price is $158.78. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.89 and a beta of 0.56. 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 announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (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%. Sell-side analysts expect that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were paid a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.25%. AptarGroup's dividend payout ratio is 32.49%.

Institutional Trading of AptarGroup

Institutional investors have recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in AptarGroup during the fourth quarter valued at $42,000. Park Place Capital Corp bought a new stake in AptarGroup during the fourth quarter valued at $67,000. Principal Securities Inc. boosted its position in AptarGroup by 328.4% during the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 335 shares during the last quarter. Huntington National Bank boosted its position in AptarGroup by 35.1% during the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 120 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in AptarGroup during the fourth quarter valued at $75,000. 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.