AptarGroup (NYSE:ATR) Price Target Raised to $163.00

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

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

AptarGroup Trading Up 0.7 %

NYSE:ATR opened at $145.34 on Monday. The company has a market capitalization of $9.63 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.95 and a beta of 0.59. The stock’s 50 day moving average price is $141.35 and its 200 day moving average price is $132.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. AptarGroup has a 52 week low of $111.63 and a 52 week high of $148.51.

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

AptarGroup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 annualized dividend and a yield of 1.13%. AptarGroup’s payout ratio is 35.19%.

Insiders Place Their Bets

In other news, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the transaction, the director now directly owns 9,648 shares in the company, valued at $1,374,357.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $141.67, for a total value of $4,533,440.00. Following the completion of the transaction, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. Insiders have sold a total of 42,134 shares of company stock valued at $5,990,627 in the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

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

About AptarGroup

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.