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

AptarGroup (NYSE:ATR) had its target price cut by Robert W. Baird from $185.00 to $160.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on ATR. Wells Fargo & Company cut their target price on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and upped their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price on the stock. in a research note on Monday, January 6th. Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Raymond James began coverage on shares of AptarGroup in a research note on Tuesday, January 7th. They issued an “outperform” rating and a $200.00 target price on the stock. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Stock Performance

Shares of ATR stock opened at $141.55 on Monday. AptarGroup has a 12 month low of $134.57 and a 12 month high of $178.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The firm has a market capitalization of $9.42 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.57 and a beta of 0.59. The company’s fifty day moving average price is $158.68 and its two-hundred day moving average price is $159.03.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data 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, research analysts anticipate that AptarGroup will post 5.95 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.27%. AptarGroup’s dividend payout ratio (DPR) is 32.49%.

Insider Buying and Selling

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the transaction, the executive vice president now owns 7,848 shares in the company, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ATR. Creative Planning grew its position in AptarGroup by 13.9% in the 2nd quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock worth $482,000 after purchasing an additional 417 shares during the last quarter. GAMMA Investing LLC grew its position in AptarGroup by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 265 shares during the last quarter. CWM LLC grew its position in AptarGroup by 92.5% in the 3rd quarter. CWM LLC now owns 2,066 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 993 shares during the last quarter. UMB Bank n.a. grew its position in AptarGroup by 446.5% in the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 192 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of AptarGroup by 4.3% in the third quarter. Exchange Traded Concepts LLC now owns 4,786 shares of the industrial products company’s stock valued at $767,000 after acquiring an additional 198 shares in the last quarter. 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.