AptarGroup (NYSE:ATR) Shares Up 0.4% – What’s Next?

Shares of AptarGroup, Inc. (NYSE:ATR) shot up 0.4% during trading on Friday . The stock traded as high as $146.21 and last traded at $145.32. 20,604 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 375,019 shares. The stock had previously closed at $144.76.

Wall Street Analyst Weigh In

Several research firms have commented on ATR. StockNews.com cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective 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. Robert W. Baird lowered their price objective on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note 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 objective for the company. in a research note on Monday, January 6th. Finally, Raymond James reissued an “outperform” rating and set a $190.00 price objective (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Trading Up 1.4 %

The business’s 50-day moving average is $151.14 and its two-hundred day moving average is $158.98. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $9.76 billion, a PE ratio of 26.50, a PEG ratio of 3.89 and a beta of 0.56.

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

AptarGroup Dividend Announcement

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

Hedge Funds Weigh In On AptarGroup

A number of institutional investors have recently added to or reduced their stakes in ATR. Howard Capital Management Group LLC lifted its holdings in AptarGroup by 0.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock worth $21,125,000 after buying an additional 558 shares in the last quarter. Atria Investments Inc lifted its holdings in AptarGroup by 42.5% in the 3rd quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company’s stock worth $689,000 after buying an additional 1,283 shares in the last quarter. Aigen Investment Management LP acquired a new position in AptarGroup in the 3rd quarter worth $226,000. Oppenheimer Asset Management Inc. lifted its holdings in AptarGroup by 214.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,397 shares of the industrial products company’s stock worth $2,466,000 after buying an additional 10,508 shares in the last quarter. Finally, KBC Group NV lifted its holdings in AptarGroup by 10.8% in the 3rd quarter. KBC Group NV now owns 1,660 shares of the industrial products company’s stock worth $266,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds 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.