AptarGroup (NYSE:ATR) Trading Down 0.1% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR) shares fell 0.1% on Thursday . The company traded as low as $145.89 and last traded at $145.90. 15,679 shares traded hands during trading, a decline of 96% from the average session volume of 377,859 shares. The stock had previously closed at $146.03.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATR. Raymond James reaffirmed an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Wells Fargo & Company lowered their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a report 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 objective on the stock. in a research note on Monday, January 6th. Finally, Robert W. Baird reduced their price objective 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. Two research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Stock Performance

The stock’s 50-day moving average price is $151.14 and its 200-day moving average price is $158.93. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.76 billion, a P/E ratio of 26.50, a P/E/G ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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, equities analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a $0.45 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. AptarGroup’s payout ratio is currently 32.49%.

Institutional Trading of AptarGroup

A number of large investors have recently modified their holdings of the company. Menard Financial Group LLC acquired a new stake in shares of AptarGroup in the 4th quarter worth about $111,000. Jefferies Financial Group Inc. acquired a new stake in shares of AptarGroup in the 4th quarter worth about $1,705,000. Ascent Group LLC increased its holdings in shares of AptarGroup by 88.3% in the 4th quarter. Ascent Group LLC now owns 4,105 shares of the industrial products company’s stock worth $645,000 after acquiring an additional 1,925 shares during the period. Mackenzie Financial Corp increased its stake in AptarGroup by 412.4% during the 4th 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 period. Finally, Forum Financial Management LP acquired a new position in AptarGroup during the 4th quarter valued at about $221,000. Institutional investors and hedge funds 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.