AptarGroup, Inc. (NYSE:ATR) Receives $190.60 Average Price Target from Analysts

Shares of AptarGroup, Inc. (NYSE:ATR) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $190.60.

ATR has been the subject of several recent research reports. 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 note on Monday, January 6th. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and raised their price target for the company from $155.00 to $215.00 in a report on Monday, October 14th. Robert W. Baird boosted their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company lowered their price objective on shares of AptarGroup from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th.

AptarGroup Trading Down 0.6 %

NYSE ATR opened at $157.23 on Friday. AptarGroup has a 52 week low of $128.05 and a 52 week high of $178.03. The business has a 50 day moving average price of $161.66 and a 200-day moving average price of $158.75. 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 company has a market cap of $10.46 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 2.58 and a beta of 0.59.

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, February 5th. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

AptarGroup announced that its Board of Directors has authorized a stock buyback program on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the sale, the executive vice president now directly owns 7,848 shares in the company, valued at $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

Several large investors have recently bought and sold shares of ATR. Capital Performance Advisors LLP purchased a new stake in AptarGroup in the 3rd quarter worth $25,000. UMB Bank n.a. increased its holdings in shares of AptarGroup by 446.5% in the third quarter. UMB Bank n.a. now owns 235 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 192 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of AptarGroup during the 4th quarter worth $42,000. Huntington National Bank raised its stake in AptarGroup by 312.0% during the third quarter. Huntington National Bank now owns 342 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 259 shares during the period. Finally, Park Place Capital Corp acquired a new position in AptarGroup in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.

AptarGroup Company Profile

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.