AptarGroup, Inc. (NYSE:ATR) has received an average recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $152.00.
ATR has been the topic of several research reports. William Blair lowered AptarGroup from an “outperform” rating to a “market perform” rating in a research report on Monday, August 2nd. Zacks Investment Research downgraded shares of AptarGroup from a “hold” rating to a “sell” rating and set a $146.00 price objective for the company. in a research report on Friday, July 16th. Wells Fargo & Company reissued a “buy” rating on shares of AptarGroup in a research report on Thursday, September 9th. Finally, Robert W. Baird lowered their target price on AptarGroup from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Monday.
Shares of AptarGroup stock opened at $124.58 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.91 and a quick ratio of 1.36. The business has a 50 day moving average price of $133.64 and a 200 day moving average price of $140.98. The company has a market capitalization of $8.22 billion, a P/E ratio of 32.87, a P/E/G ratio of 4.54 and a beta of 0.67. AptarGroup has a 1 year low of $110.34 and a 1 year high of $158.97.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 25th. Shareholders of record on Wednesday, August 4th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, August 3rd. AptarGroup’s payout ratio is 41.76%.
Hedge funds have recently added to or reduced their stakes in the business. Hemenway Trust Co LLC grew its holdings in AptarGroup by 4.2% during the first quarter. Hemenway Trust Co LLC now owns 171,531 shares of the industrial products company’s stock worth $24,301,000 after acquiring an additional 6,960 shares during the period. Credit Suisse AG grew its holdings in shares of AptarGroup by 1.7% in the 1st quarter. Credit Suisse AG now owns 76,931 shares of the industrial products company’s stock worth $10,899,000 after acquiring an additional 1,279 shares during the last quarter. Ensign Peak Advisors Inc raised its position in shares of AptarGroup by 9.8% during the first quarter. Ensign Peak Advisors Inc now owns 86,980 shares of the industrial products company’s stock worth $12,323,000 after purchasing an additional 7,784 shares during the period. State of Wisconsin Investment Board boosted its position in shares of AptarGroup by 13.7% in the 1st quarter. State of Wisconsin Investment Board now owns 122,518 shares of the industrial products company’s stock valued at $17,357,000 after purchasing an additional 14,781 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in AptarGroup by 22.4% in the 1st quarter. Teacher Retirement System of Texas now owns 7,172 shares of the industrial products company’s stock worth $1,016,000 after purchasing an additional 1,312 shares in the last quarter. Institutional investors own 87.25% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc develops manufactures and sales of consumer product dispensing systems. It operates through the following business segments: Beauty & Home, Pharma and Food & Beverage. The Beauty & Home segment primarily sells pumps, aerosol valves and accessories to the personal care and household markets and pumps and decorative components to the fragrance/cosmetic market.
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