AptarGroup (NYSE:ATR) Shares Up 0.3% – What’s Next?

AptarGroup, Inc. (NYSE:ATR) shares rose 0.3% during trading on Thursday . The stock traded as high as $147.12 and last traded at $147.04. Approximately 35,400 shares traded hands during trading, a decline of 91% from the average daily volume of 375,370 shares. The stock had previously closed at $146.64.

Wall Street Analyst Weigh In

ATR has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Robert W. Baird decreased their price target 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. Bank of America cut shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a research note on Monday, January 6th. Finally, Raymond James restated an “outperform” rating and issued a $190.00 price objective (down from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Price Performance

The company’s fifty day moving average is $153.02 and its two-hundred day moving average is $158.90. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 0.28.

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

AptarGroup Announces Dividend

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

Hedge Funds Weigh In On AptarGroup

Several institutional investors have recently modified their holdings of ATR. Capital Performance Advisors LLP acquired a new stake in AptarGroup during the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC acquired a new stake in AptarGroup during the 4th quarter worth approximately $42,000. Huntington National Bank raised its holdings in AptarGroup by 312.0% during the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after buying an additional 259 shares during the period. Park Place Capital Corp acquired a new stake in AptarGroup during the 4th quarter worth approximately $67,000. Finally, Principal Securities Inc. raised its holdings in AptarGroup by 328.4% during the 4th quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after buying an additional 335 shares during the period. Institutional investors 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.