AptarGroup (NYSE:ATR) Trading Down 0.1% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR) traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $145.89 and last traded at $145.90. 15,679 shares were traded during mid-day trading, a decline of 96% from the average session volume of 377,859 shares. The stock had previously closed at $146.03.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Raymond James reissued an “outperform” rating and set a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Robert W. Baird reduced their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AptarGroup has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Stock Up 1.4 %

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’s 50-day moving average is $151.14 and its 200 day moving average is $158.93. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

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

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is 32.49%.

Institutional Investors Weigh In On AptarGroup

Large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 acquiring an additional 5,248 shares in the last quarter. Natixis Advisors LLC increased its position in shares of AptarGroup by 43.8% in the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after acquiring an additional 34,573 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of AptarGroup by 43.9% in 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. Geode Capital Management LLC increased its position in shares of 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 worth $245,444,000 after acquiring an additional 83,452 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of AptarGroup by 282.9% in the fourth quarter. Inspire Investing LLC now owns 6,800 shares of the industrial products company’s stock worth $1,068,000 after acquiring an additional 5,024 shares in the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

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.