Wells Fargo & Company Issues Pessimistic Forecast for AptarGroup (NYSE:ATR) Stock Price

AptarGroup (NYSE:ATR) had its target price lowered by investment analysts at Wells Fargo & Company from $180.00 to $170.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 19.34% from the stock’s current price.

ATR has been the topic of several other reports. Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target on the stock. in a report on Monday, January 6th. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Raymond James assumed coverage on AptarGroup in a research note on Tuesday, January 7th. They set an “outperform” rating and a $200.00 target price for the company. Finally, Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and raised their target price for the company from $155.00 to $215.00 in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $183.60.

AptarGroup Stock Down 0.5 %

Shares of AptarGroup stock traded down $0.73 on Monday, hitting $142.45. 75,664 shares of the company’s stock traded hands, compared to its average volume of 334,217. The stock has a market cap of $9.48 billion, a P/E ratio of 25.65, a PEG ratio of 2.57 and a beta of 0.59. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $159.87 and its 200 day moving average is $158.94. AptarGroup has a 52-week low of $134.57 and a 52-week high of $178.03.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.62% and a net margin of 10.45%. Equities analysts anticipate that AptarGroup will post 5.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Kimberly Chainey sold 964 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at $1,324,977.84. This trade 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 hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On AptarGroup

A number of hedge funds and other institutional investors have recently made changes to their positions in ATR. Creative Planning raised its stake in shares of AptarGroup by 13.9% during 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of AptarGroup by 79.6% in the 3rd quarter. GAMMA Investing LLC now owns 598 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 265 shares in the last quarter. CWM LLC raised its stake in shares of AptarGroup by 92.5% in the 3rd quarter. CWM LLC now owns 2,066 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 993 shares in the last quarter. UMB Bank n.a. increased 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 buying an additional 192 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in shares of AptarGroup by 4.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,786 shares of the industrial products company’s stock worth $767,000 after purchasing an additional 198 shares in the last quarter. 88.52% of the stock is owned by hedge funds and other 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.