AptarGroup (NYSE:ATR) Shares Down 0.3% – Here’s Why

AptarGroup, Inc. (NYSE:ATR) dropped 0.3% on Monday . The company traded as low as $150.96 and last traded at $152.32. Approximately 55,258 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 381,623 shares. The stock had previously closed at $152.78.

Analyst Ratings Changes

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

AptarGroup Stock Down 1.6 %

The company’s 50-day moving average price is $151.73 and its 200 day moving average price is $159.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The stock has a market cap of $9.85 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate 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 forecast that AptarGroup, Inc. will post 5.57 EPS for the current fiscal 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 paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATR. CIBC Asset Management Inc increased its stake in AptarGroup by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 1,977 shares of the industrial products company’s stock worth $317,000 after buying an additional 68 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of AptarGroup by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 72 shares during the period. Commerce Bank grew its position in shares of AptarGroup by 3.3% during the third quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 75 shares in the last quarter. Blue Trust Inc. raised its stake in AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 82 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in AptarGroup by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors 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.