AptarGroup (NYSE:ATR) Trading Down 0.2% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR) traded down 0.2% during mid-day trading on Thursday . The company traded as low as $145.92 and last traded at $146.76. 37,685 shares were traded during mid-day trading, a decline of 90% from the average session volume of 366,870 shares. The stock had previously closed at $147.04.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating 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 price target for the company. in a report on Monday, January 6th. Raymond James reaffirmed an “outperform” rating and issued a $190.00 price target (down previously from $200.00) on shares of AptarGroup in a report on Monday, February 10th. Finally, Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Two investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Trading Down 0.3 %

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 company’s fifty day moving average is $154.97 and its 200-day moving average is $158.78. The stock has a market cap of $9.73 billion, a PE ratio of 26.40, a PEG ratio of 3.90 and a beta of 0.59.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) 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%. On average, analysts predict that AptarGroup, Inc. will post 5.57 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. AptarGroup’s payout ratio is 32.49%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in AptarGroup in the third quarter valued at $25,000. Stonebridge Financial Group LLC acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $42,000. Huntington National Bank grew its position in shares of AptarGroup by 312.0% in the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 259 shares during the period. Park Place Capital Corp acquired a new stake in shares of AptarGroup in the fourth quarter valued at about $67,000. Finally, Principal Securities Inc. grew its position in shares of AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 335 shares during the period. 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.