AptarGroup (NYSE:ATR) Trading Down 0.6% – Time to Sell?

AptarGroup, Inc. (NYSE:ATR)’s share price fell 0.6% on Tuesday . The stock traded as low as $145.14 and last traded at $145.65. 68,519 shares changed hands during trading, a decline of 82% from the average session volume of 373,072 shares. The stock had previously closed at $146.59.

Wall Street Analyst Weigh In

ATR has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Raymond James reiterated an “outperform” rating and set a $190.00 target price (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Robert W. Baird reduced 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. Finally, Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Price Performance

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 firm has a market capitalization of $9.69 billion, a P/E ratio of 26.31, a PEG ratio of 3.89 and a beta of 0.59. The company’s 50 day moving average price is $152.78 and its 200 day moving average price is $159.10.

AptarGroup (NYSE:ATR) last announced 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%. As a group, sell-side analysts anticipate that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

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

Institutional Investors Weigh In On AptarGroup

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in AptarGroup by 58.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after acquiring an additional 5,248 shares during the period. Natixis Advisors LLC boosted its position in shares of AptarGroup by 43.8% in the 3rd quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after purchasing an additional 34,573 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of AptarGroup by 43.9% during the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after purchasing an additional 12,271 shares during the period. Geode Capital Management LLC increased its holdings in 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 valued at $245,444,000 after purchasing an additional 83,452 shares during the last quarter. Finally, Victory Capital Management Inc. lifted 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 buying an additional 479,193 shares during the period. 88.52% of the stock is owned by 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.