AptarGroup (NYSE:ATR) Shares Up 0.6% – What’s Next?

AptarGroup, Inc. (NYSE:ATR) shares rose 0.6% during trading on Thursday . The company traded as high as $149.43 and last traded at $149.34. Approximately 49,500 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 376,922 shares. The stock had previously closed at $148.44.

Analyst Ratings Changes

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

AptarGroup Trading Up 1.3 %

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 capitalization of $10.00 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The business’s 50-day moving average is $152.29 and its two-hundred day moving average is $159.02.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (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 15.56%. As a group, equities research analysts anticipate that AptarGroup, Inc. will post 5.57 earnings per share for the current year.

AptarGroup Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 1.20%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

Institutional Inflows and Outflows

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