Robert W. Baird Lowers AptarGroup (NYSE:ATR) to Neutral


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Robert W. Baird cut shares of AptarGroup (NYSE:ATR) from an outperform rating to a neutral rating in a research report report published on Wednesday morning, Price Targets.com reports. Robert W. Baird currently has $150.00 price objective on the industrial products company’s stock.

A number of other research firms have also recently weighed in on ATR. Deutsche Bank Aktiengesellschaft upped their target price on shares of AptarGroup from $127.00 to $152.00 and gave the company a buy rating in a research note on Wednesday, January 20th. Wells Fargo & Company lifted their price target on shares of AptarGroup from $135.00 to $165.00 and gave the company an overweight rating in a report on Monday, January 11th. Finally, Morgan Stanley boosted their target price on shares of AptarGroup from $122.00 to $140.00 and gave the stock an equal weight rating in a report on Tuesday, January 12th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. AptarGroup currently has an average rating of Buy and a consensus price target of $144.17.

Shares of ATR opened at $148.08 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $9.78 billion, a P/E ratio of 47.01, a price-to-earnings-growth ratio of 4.82 and a beta of 0.63. The stock’s fifty day simple moving average is $140.20 and its 200 day simple moving average is $131.94. AptarGroup has a twelve month low of $99.11 and a twelve month high of $147.90.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Wednesday, February 17th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $749.33 million for the quarter, compared to analyst estimates of $736.10 million. AptarGroup had a return on equity of 14.24% and a net margin of 7.34%. Sell-side analysts predict that AptarGroup will post 3.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 19th. Shareholders of record on Wednesday, April 28th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, April 27th. This is an increase from AptarGroup’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 1.03%. AptarGroup’s dividend payout ratio is 36.46%.

In other news, Director Joanne C. Dr Smith sold 1,000 shares of AptarGroup stock in a transaction dated Wednesday, March 3rd. The stock was sold at an average price of $132.05, for a total value of $132,050.00. Following the completion of the transaction, the director now owns 16,658 shares of the company’s stock, valued at approximately $2,199,688.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Marc Prieur sold 3,174 shares of AptarGroup stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $139.44, for a total value of $442,582.56. Following the completion of the transaction, the insider now directly owns 20,496 shares of the company’s stock, valued at approximately $2,857,962.24. The disclosure for this sale can be found here. Insiders sold 37,348 shares of company stock worth $5,272,715 over the last ninety days. 1.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATR. Norges Bank bought a new stake in AptarGroup in the 4th quarter worth about $68,669,000. Schroder Investment Management Group bought a new stake in AptarGroup in the 4th quarter worth about $30,143,000. Wells Fargo & Company MN increased its holdings in AptarGroup by 12.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,843,143 shares of the industrial products company’s stock worth $252,308,000 after buying an additional 204,164 shares in the last quarter. FIL Ltd increased its holdings in AptarGroup by 25,900.3% in the 4th quarter. FIL Ltd now owns 162,502 shares of the industrial products company’s stock worth $22,245,000 after buying an additional 161,877 shares in the last quarter. Finally, Eaton Vance Management grew its stake in shares of AptarGroup by 106.9% during the 4th quarter. Eaton Vance Management now owns 277,240 shares of the industrial products company’s stock valued at $37,951,000 after purchasing an additional 143,220 shares during the period. Institutional investors own 87.04% of the company’s stock.

AptarGroup Company Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage.

Further Reading: What does an equal weight rating mean?

Analyst Recommendations for AptarGroup (NYSE:ATR)

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