AptarGroup (NYSE:ATR) Trading Down 1% – Here’s What Happened

AptarGroup, Inc. (NYSE:ATR) shares fell 1% during mid-day trading on Friday . The stock traded as low as $149.43 and last traded at $149.60. 67,619 shares were traded during trading, a decline of 82% from the average session volume of 379,352 shares. The stock had previously closed at $151.15.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Raymond James reiterated an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target 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. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a report 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 target on the stock. in a report on Monday, January 6th. Finally, Robert W. Baird dropped their price objective on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.60.

AptarGroup Trading Up 1.4 %

The stock has a market cap of $10.19 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.89 and a beta of 0.59. The company has a 50-day moving average price of $152.14 and a two-hundred day moving average price of $158.96. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last released its quarterly earnings results 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 15.56%. On average, research analysts expect that AptarGroup, Inc. will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio is currently 32.49%.

Hedge Funds Weigh In On AptarGroup

Several hedge funds have recently bought and sold shares of ATR. Howard Capital Management Group LLC boosted its stake in shares of AptarGroup by 0.4% during the third quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock valued at $21,125,000 after purchasing an additional 558 shares during the period. Van ECK Associates Corp lifted its holdings in AptarGroup by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,849 shares of the industrial products company’s stock valued at $6,345,000 after buying an additional 10,815 shares in the last quarter. Centennial Wealth Advisory LLC purchased a new stake in AptarGroup in the 3rd quarter valued at about $204,000. Capital Performance Advisors LLP bought a new position in AptarGroup in the 3rd quarter worth about $25,000. Finally, Atria Investments Inc increased its position in shares of AptarGroup by 42.5% during the third quarter. Atria Investments Inc now owns 4,299 shares of the industrial products company’s stock worth $689,000 after acquiring an additional 1,283 shares during the period. Institutional investors 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.