AptarGroup (NYSE:ATR) Price Target Increased to $170.00 by Analysts at Robert W. Baird

AptarGroup (NYSE:ATR) had its target price upped by Robert W. Baird from $150.00 to $170.00 in a report released on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Separately, Wells Fargo & Company increased their target price on shares of AptarGroup from $157.00 to $160.00 and gave the stock an overweight rating in a research report on Thursday, March 7th.

AptarGroup Trading Up 0.7 %

AptarGroup stock opened at $145.34 on Monday. AptarGroup has a 52 week low of $111.63 and a 52 week high of $148.51. 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 firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 3.95 and a beta of 0.59. The company has a 50 day moving average price of $141.35 and a 200 day moving average price of $132.53.

AptarGroup (NYSE:ATR) last released its earnings results on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $842.50 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Research analysts forecast that AptarGroup will post 5.3 EPS for the current year.

AptarGroup Dividend Announcement

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

Insider Activity

In other news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total transaction of $672,347.06. Following the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,360,799.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Hedi Tlili sold 4,634 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $145.09, for a total transaction of $672,347.06. Following the transaction, the insider now owns 9,379 shares in the company, valued at approximately $1,360,799.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the transaction, the chief executive officer now owns 159,024 shares in the company, valued at approximately $22,528,930.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,134 shares of company stock worth $5,990,627. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of AptarGroup

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Palisade Asset Management LLC acquired a new stake in AptarGroup in the 1st quarter worth $158,000. BNP Paribas Financial Markets grew its position in AptarGroup by 51.4% in the 1st quarter. BNP Paribas Financial Markets now owns 19,543 shares of the industrial products company’s stock worth $2,812,000 after purchasing an additional 6,633 shares during the last quarter. Retirement Systems of Alabama grew its position in AptarGroup by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 177,799 shares of the industrial products company’s stock worth $25,583,000 after purchasing an additional 512 shares during the last quarter. Principal Financial Group Inc. grew its position in AptarGroup by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 248,568 shares of the industrial products company’s stock worth $35,766,000 after purchasing an additional 7,091 shares during the last quarter. Finally, RWA Wealth Partners LLC grew its position in AptarGroup by 10.2% in the 1st quarter. RWA Wealth Partners LLC now owns 2,693 shares of the industrial products company’s stock worth $387,000 after purchasing an additional 250 shares during the last quarter. 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.