AptarGroup (NYSE:ATR) Price Target Raised to $163.00 at Wells Fargo & Company

AptarGroup (NYSE:ATR) had its price objective increased by Wells Fargo & Company from $160.00 to $163.00 in a research note published on Monday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird lifted their price target on shares of AptarGroup from $150.00 to $170.00 and gave the stock an outperform rating in a report on Monday. William Blair raised shares of AptarGroup from a market perform rating to an outperform rating in a research note on Monday.

AptarGroup Price Performance

Shares of NYSE:ATR opened at $146.38 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. The business’s fifty day moving average price is $141.15 and its two-hundred day moving average price is $132.31. The stock has a market cap of $9.69 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 3.93 and a beta of 0.59. AptarGroup has a one year low of $111.63 and a one year high of $148.51.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. On average, analysts forecast that AptarGroup will post 5.21 EPS for the current fiscal year.

AptarGroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a $0.41 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.12%. AptarGroup’s dividend payout ratio is currently 35.19%.

Insider Buying and Selling at AptarGroup

In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of AptarGroup stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total transaction of $284,900.00. Following the sale, the director now owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Stephan B. Tanda sold 32,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total value of $4,533,440.00. Following the transaction, the chief executive officer now owns 159,024 shares in the company, valued at $22,528,930.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $142.45, for a total value of $284,900.00. Following the completion of the transaction, the director now directly owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock valued at $5,318,280 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AptarGroup

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of AptarGroup during the first quarter worth approximately $25,000. Global Retirement Partners LLC raised its holdings in AptarGroup by 8,850.0% in the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 177 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its stake in AptarGroup by 1,063.3% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 319 shares during the last quarter. Adirondack Trust Co. bought a new position in AptarGroup during the 3rd quarter valued at $50,000. Finally, Mather Group LLC. acquired a new position in AptarGroup during the 1st quarter worth $52,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

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.