Robert W. Baird Cuts AptarGroup (NYSE:ATR) Price Target to $160.00

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

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

AptarGroup Trading Down 0.5 %

Shares of AptarGroup stock opened at $141.55 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. AptarGroup has a 1 year low of $134.57 and a 1 year high of $178.03. The company 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 business has a 50 day moving average price of $158.68 and a 200 day moving average price of $159.03.

AptarGroup (NYSE:ATR) last issued 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%. Sell-side analysts anticipate that AptarGroup will post 5.95 EPS for the current fiscal year.

AptarGroup Announces Dividend

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

Insider Activity

In other news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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. The trade was a 10.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

A number of institutional investors have recently added to or reduced their stakes in ATR. Creative Planning boosted its position in 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 during the period. GAMMA Investing LLC boosted its position in AptarGroup by 79.6% during 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 period. CWM LLC boosted its position in AptarGroup by 92.5% during 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 period. UMB Bank n.a. boosted its position in AptarGroup by 446.5% during 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 period. Finally, Exchange Traded Concepts LLC boosted its position in 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 during the period. 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.