AptarGroup (NYSE:ATR) Trading Down 0.2% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR)’s share price traded down 0.2% on Friday . The stock traded as low as $146.19 and last traded at $146.34. 36,588 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 364,323 shares. The stock had previously closed at $146.68.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their target price on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America downgraded 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. Wells Fargo & Company cut their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Raymond James reissued an “outperform” rating and issued a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Two 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 stock. According to MarketBeat.com, AptarGroup presently has an average rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Trading Down 0.3 %

The company has a fifty day simple moving average of $154.49 and a two-hundred day simple moving average of $158.92. The company has a market capitalization of $9.72 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 3.90 and a beta of 0.59. 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) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 EPS 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, analysts forecast that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 5th. AptarGroup’s payout ratio is 32.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in AptarGroup during the fourth quarter valued at about $116,265,000. Congress Asset Management Co. acquired a new position in shares of AptarGroup during the 3rd quarter worth about $108,239,000. FMR LLC lifted its position in shares of AptarGroup by 33.1% during the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock worth $389,854,000 after purchasing an additional 617,365 shares during the last quarter. Victory Capital Management Inc. boosted its stake in AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares during the period. Finally, Bank of America Corp DE grew its holdings in AptarGroup by 297.2% in the 4th quarter. Bank of America Corp DE now owns 473,021 shares of the industrial products company’s stock valued at $74,312,000 after buying an additional 353,935 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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.