AptarGroup’s (ATR) “Outperform” Rating Reaffirmed at Raymond James

Raymond James reissued their outperform rating on shares of AptarGroup (NYSE:ATR) in a research report released on Monday morning,Benzinga reports. Raymond James currently has a $190.00 price target on the industrial products company’s stock, down from their previous price target of $200.00.

ATR has been the topic of a number of other research reports. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. 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. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and lifted their price target for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. 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 note on Monday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Trading Down 0.5 %

ATR opened at $141.55 on Monday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.57 and a beta of 0.59. The firm’s 50 day moving average is $158.68 and its 200-day moving average is $159.03. AptarGroup has a 52-week low of $134.57 and a 52-week high of $178.03. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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 15.62%. Analysts expect that AptarGroup will post 5.95 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.27%. AptarGroup’s payout ratio is 32.49%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the sale, the executive vice president now owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by insiders.

Institutional Trading of AptarGroup

Several institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank boosted its holdings in shares of 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 period. Groupama Asset Managment boosted its holdings in shares of AptarGroup by 20.9% during the fourth quarter. Groupama Asset Managment now owns 5,397 shares of the industrial products company’s stock valued at $846,000 after acquiring an additional 933 shares during the period. Trexquant Investment LP acquired a new position in shares of AptarGroup during the fourth quarter valued at $3,551,000. Headlands Technologies LLC acquired a new position in shares of AptarGroup during the fourth quarter valued at $416,000. Finally, Geode Capital Management LLC boosted its holdings in shares of AptarGroup by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,555,556 shares of the industrial products company’s stock valued at $248,570,000 after acquiring an additional 40,268 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.