AptarGroup (NYSE:ATR) Price Target Cut to $170.00 by Analysts at Wells Fargo & Company

AptarGroup (NYSE:ATR) had its target price trimmed by Wells Fargo & Company from $180.00 to $170.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on ATR. Raymond James assumed coverage on AptarGroup in a report on Tuesday, January 7th. They set an “outperform” rating and a $200.00 price target for the company. Robert W. Baird cut their price target on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday. Bank of America lowered shares of AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective on the stock. in a report on Monday, January 6th. Jefferies Financial Group raised shares of AptarGroup from a “hold” rating to a “buy” rating and boosted their target price for the stock from $155.00 to $215.00 in a research note on Monday, October 14th. Finally, Dbs Bank upgraded shares of AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.60.

AptarGroup Stock Down 0.0 %

Shares of NYSE:ATR opened at $143.14 on Monday. The company has a market capitalization of $9.52 billion, a PE ratio of 25.84, a P/E/G ratio of 2.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. The company’s fifty day moving average is $159.87 and its 200-day moving average is $159.05. AptarGroup has a 52 week low of $134.57 and a 52 week high of $178.03.

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

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 5th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.26%. AptarGroup’s payout ratio is 32.49%.

Insider Activity at AptarGroup

In related news, EVP Kimberly Chainey sold 964 shares of the company’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 sale, the executive vice president now owns 7,848 shares in the company, valued at approximately $1,324,977.84. This represents a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Creative Planning grew its stake in shares of AptarGroup by 13.9% in the second quarter. Creative Planning now owns 3,422 shares of the industrial products company’s stock valued at $482,000 after buying an additional 417 shares in the last quarter. GAMMA Investing LLC lifted its stake in AptarGroup by 79.6% in the third 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 during the last quarter. CWM LLC grew its position 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 during the period. UMB Bank n.a. increased its stake in shares of 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 last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of AptarGroup by 4.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,786 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds 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.