AptarGroup (NYSE:ATR) Trading Down 0.3% – Here’s Why

AptarGroup, Inc. (NYSE:ATR)’s share price was down 0.3% during trading on Monday . The stock traded as low as $150.96 and last traded at $152.32. Approximately 55,258 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 381,623 shares. The stock had previously closed at $152.78.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Raymond James reissued an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report 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 on the stock in a research report on Monday, February 10th. Bank of America downgraded shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 target price for the company. in a research report on Monday, January 6th. Finally, Wells Fargo & Company lowered 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup has a consensus rating of “Moderate Buy” and an average target price of $181.60.

AptarGroup Stock Performance

The stock has a fifty day moving average price of $152.03 and a 200 day moving average price of $159.15. 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 firm has a market cap of $10.02 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.56.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data 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%. As a group, analysts predict 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. Shareholders of record on Wednesday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio is currently 32.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in AptarGroup by 58.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock valued at $2,268,000 after purchasing an additional 5,248 shares during the last quarter. Natixis Advisors LLC increased its stake in AptarGroup by 43.8% in the third quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock valued at $18,182,000 after purchasing an additional 34,573 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings 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. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 83,452 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in AptarGroup by 29.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after buying an additional 479,193 shares during the period. 88.52% of the stock is owned by institutional investors.

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.