AptarGroup (NYSE:ATR) Given New $160.00 Price Target at Robert W. Baird

AptarGroup (NYSE:ATR) had its price objective cut by stock analysts at Robert W. Baird from $185.00 to $160.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target indicates a potential upside of 11.69% from the company’s previous close.

Several other brokerages have also recently weighed in on ATR. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company dropped their price objective on AptarGroup from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Bank of America lowered 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 initiated coverage on shares of AptarGroup in a research report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price target for the company. Finally, Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and upped their price objective for the company from $155.00 to $215.00 in a research note on Monday, October 14th. One analyst has 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 MarketBeat, AptarGroup currently has an average rating of “Buy” and an average price target of $185.60.

AptarGroup Stock Performance

Shares of NYSE ATR opened at $143.26 on Monday. The stock’s 50-day moving average is $159.87 and its 200 day moving average is $158.94. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 2.57 and a beta of 0.59. AptarGroup has a 1-year low of $131.51 and a 1-year high of $178.03. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.62%. On average, sell-side analysts anticipate that AptarGroup will post 5.95 EPS for the current fiscal year.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATR. Wealth Enhancement Advisory Services LLC raised its holdings in AptarGroup by 58.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after purchasing an additional 5,248 shares in the last quarter. Natixis Advisors LLC lifted its position in AptarGroup by 43.8% during the 3rd quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after acquiring an additional 34,573 shares during the period. Geode Capital Management LLC lifted its position in AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock valued at $245,444,000 after acquiring an additional 83,452 shares during the period. 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 worth $7,066,000 after acquiring an additional 12,271 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings 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 worth $337,502,000 after purchasing an additional 479,193 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.