AptarGroup, Inc. (NYSE:ATR) Receives $181.60 Average Target Price from Brokerages

Shares of AptarGroup, Inc. (NYSE:ATR) have been given an average rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $181.60.

A number of equities analysts have recently weighed in on the company. Bank of America downgraded 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. Raymond James restated an “outperform” rating and issued a $190.00 price objective (down previously from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company cut 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. Finally, 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.

AptarGroup Trading Up 0.8 %

NYSE ATR opened at $148.45 on Friday. 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 capitalization of $9.87 billion, a P/E ratio of 26.80, a PEG ratio of 3.89 and a beta of 0.56. The business has a fifty day simple moving average of $150.01 and a 200 day simple moving average of $158.71. AptarGroup has a 12 month low of $135.96 and a 12 month high of $178.03.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating 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 will post 5.57 EPS for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, February 5th. AptarGroup’s dividend payout ratio is currently 32.49%.

Institutional Trading of AptarGroup

A number of institutional investors have recently modified their holdings of ATR. Stonebridge Financial Group LLC purchased a new stake in AptarGroup during the 4th quarter worth about $42,000. Park Place Capital Corp bought a new stake in shares of AptarGroup during the fourth quarter valued at about $67,000. Principal Securities Inc. lifted its holdings in shares of AptarGroup by 328.4% in the fourth quarter. Principal Securities Inc. now owns 437 shares of the industrial products company’s stock worth $69,000 after buying an additional 335 shares in the last quarter. Huntington National Bank boosted its position in shares of AptarGroup by 35.1% in the fourth quarter. Huntington National Bank now owns 462 shares of the industrial products company’s stock valued at $73,000 after acquiring an additional 120 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in AptarGroup during the fourth quarter valued at approximately $75,000. 88.52% of the stock is currently 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.