AptarGroup (NYSE:ATR) Trading Down 0.2% – Time to Sell?

AptarGroup, Inc. (NYSE:ATR) was down 0.2% during mid-day trading on Thursday . The stock traded as low as $145.92 and last traded at $146.76. Approximately 37,685 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 366,870 shares. The stock had previously closed at $147.04.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ATR shares. Wells Fargo & Company dropped their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research report on Monday, January 6th. StockNews.com lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James restated an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 0.95. The business’s 50 day simple moving average is $154.97 and its 200 day simple moving average is $158.78. The company has a market capitalization of $9.73 billion, a PE ratio of 26.40, a P/E/G ratio of 3.90 and a beta of 0.59.

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

AptarGroup Dividend Announcement

The company 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. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Hedge Funds Weigh In On AptarGroup

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in AptarGroup by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 7,207,015 shares of the industrial products company’s stock worth $1,132,222,000 after purchasing an additional 58,777 shares during the period. State Street Corp raised its stake in shares of AptarGroup by 0.5% in the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after acquiring an additional 14,001 shares during the period. FMR LLC raised its stake in shares of AptarGroup by 33.1% in the 4th quarter. FMR LLC now owns 2,481,563 shares of the industrial products company’s stock valued at $389,854,000 after acquiring an additional 617,365 shares during the period. Victory Capital Management Inc. raised its stake in shares of AptarGroup by 29.4% in 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 acquiring an additional 479,193 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of AptarGroup by 2.7% in the 4th 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. 88.52% of the stock is owned by hedge funds and other institutional investors.

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.