AptarGroup (NYSE:ATR) Price Target Cut to $175.00 by Analysts at Raymond James

AptarGroup (NYSE:ATR) had its price target trimmed by Raymond James from $190.00 to $175.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Other analysts have also issued research reports about the company. Bank of America lowered AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. Wells Fargo & Company lowered their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday, February 10th. StockNews.com downgraded shares of 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 shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AptarGroup has an average rating of “Moderate Buy” and an average price target of $178.60.

AptarGroup Trading Up 2.6 %

ATR opened at $146.25 on Tuesday. AptarGroup has a 12 month low of $130.85 and a 12 month high of $178.03. The stock has a fifty day moving average price of $145.69 and a 200-day moving average price of $156.94. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 3.89 and a beta of 0.59. The company has a current ratio of 1.38, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.56%. As a group, equities research analysts anticipate that AptarGroup will post 5.57 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 1st will be given a $0.45 dividend. The ex-dividend date is Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. AptarGroup’s dividend payout ratio is currently 32.49%.

Institutional Trading of AptarGroup

Several institutional investors and hedge funds have recently bought and sold shares of ATR. Smartleaf Asset Management LLC raised its holdings in shares of AptarGroup by 12.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 650 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 72 shares during the last quarter. Blue Trust Inc. raised its stake in shares of AptarGroup by 9.3% during the 4th quarter. Blue Trust Inc. now owns 961 shares of the industrial products company’s stock valued at $154,000 after buying an additional 82 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of AptarGroup by 9.1% in the 4th quarter. Bessemer Group Inc. now owns 1,028 shares of the industrial products company’s stock valued at $162,000 after buying an additional 86 shares during the period. Hanson & Doremus Investment Management boosted its stake in shares of AptarGroup by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 16,683 shares of the industrial products company’s stock worth $2,621,000 after buying an additional 99 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in AptarGroup by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the industrial products company’s stock worth $2,906,000 after acquiring an additional 100 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.

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.