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

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on ATR shares. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Robert W. Baird lowered their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Raymond James reissued an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Wells Fargo & Company lowered their price objective 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. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AptarGroup currently has an average rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Trading Down 0.7 %

The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The firm has a fifty day moving average price of $153.52 and a 200-day moving average price of $158.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.56% and a net margin of 10.45%. As a group, equities analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after buying an additional 5,248 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of AptarGroup by 43.8% in the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after buying an additional 34,573 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock valued at $7,066,000 after buying an additional 12,271 shares during the period. Geode Capital Management LLC increased its position in shares of AptarGroup by 5.8% in the third quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after purchasing an additional 83,452 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in AptarGroup by 29.4% in the third 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 last quarter. Institutional investors and hedge funds 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.