Brokerages Set AptarGroup, Inc. (NYSE:ATR) Price Target at $181.60

AptarGroup, Inc. (NYSE:ATR) has earned an average rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $181.60.

Several equities analysts have recently weighed in on ATR shares. Raymond James reaffirmed an “outperform” rating and set a $190.00 price target (down from $200.00) on shares of AptarGroup in a research note on Monday, February 10th. Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a research report on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. StockNews.com cut AptarGroup from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Robert W. Baird lowered their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th.

Institutional Investors Weigh In On AptarGroup

A number of large investors have recently bought and sold shares of ATR. Howard Capital Management Group LLC boosted its position in shares of AptarGroup by 0.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 131,875 shares of the industrial products company’s stock worth $21,125,000 after acquiring an additional 558 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of AptarGroup by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 4,386 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 174 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of AptarGroup in the 3rd quarter valued at $209,000. Toronto Dominion Bank increased its stake in shares of AptarGroup by 15.3% in the 3rd quarter. Toronto Dominion Bank now owns 8,263 shares of the industrial products company’s stock valued at $1,324,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of AptarGroup during the 3rd quarter worth $126,000. 88.52% of the stock is currently owned by institutional investors and hedge funds.

AptarGroup Stock Down 0.8 %

Shares of NYSE:ATR opened at $143.87 on Wednesday. The company has a market capitalization of $9.49 billion, a PE ratio of 25.97, a PEG ratio of 3.89 and a beta of 0.59. AptarGroup has a 52 week low of $130.85 and a 52 week high of $178.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.38. The company has a 50 day moving average price of $145.60 and a two-hundred day moving average price of $157.14.

AptarGroup (NYSE:ATR) last announced 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%. Analysts forecast that AptarGroup will post 5.57 earnings per share for the current year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.25%. AptarGroup’s dividend payout ratio (DPR) is presently 32.49%.

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.