AptarGroup (NYSE:ATR) Trading 1% Higher – Here’s Why

AptarGroup, Inc. (NYSE:ATR)’s share price rose 1% during mid-day trading on Wednesday . The company traded as high as $147.96 and last traded at $147.43. Approximately 41,898 shares traded hands during trading, a decline of 89% from the average daily volume of 375,282 shares. The stock had previously closed at $145.94.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ATR. Raymond James reiterated an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Robert W. Baird cut their price objective 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. Wells Fargo & Company decreased their target price on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research report on Monday, January 6th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.60.

AptarGroup Stock Up 1.9 %

The company has a market cap of $9.89 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. 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 stock has a fifty day moving average price of $152.51 and a two-hundred day moving average price of $159.09.

AptarGroup (NYSE:ATR) last issued 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%. On average, research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 5th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio is presently 32.49%.

Institutional Trading of AptarGroup

Hedge funds have recently bought and sold shares of the business. Creative Planning raised its stake in shares of AptarGroup by 13.6% during the 3rd quarter. Creative Planning now owns 3,889 shares of the industrial products company’s stock worth $623,000 after purchasing an additional 467 shares during the period. Howard Capital Management Group LLC raised its position in AptarGroup by 0.4% in the third quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock worth $21,125,000 after acquiring an additional 558 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in AptarGroup by 2.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,909 shares of the industrial products company’s stock valued at $1,427,000 after acquiring an additional 243 shares during the last quarter. Van ECK Associates Corp grew its position in shares of AptarGroup by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,849 shares of the industrial products company’s stock valued at $6,345,000 after acquiring an additional 10,815 shares during the period. Finally, Centennial Wealth Advisory LLC purchased a new stake in shares of AptarGroup during the 3rd quarter worth approximately $204,000. 88.52% of the stock is currently 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.