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

AptarGroup (NYSE:ATR) had its price objective lifted by Wells Fargo & Company from $160.00 to $163.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other equities research analysts have also recently issued reports on the company. William Blair upgraded AptarGroup from a market perform rating to an outperform rating in a research note on Monday. Robert W. Baird upped their price target on shares of AptarGroup from $150.00 to $170.00 and gave the stock an outperform rating in a research report on Monday.

AptarGroup Stock Up 0.7 %

Shares of ATR stock opened at $145.34 on Monday. The firm’s fifty day moving average price is $141.35 and its two-hundred day moving average price is $132.53. The company has a current ratio of 1.30, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. AptarGroup has a 1 year low of $111.63 and a 1 year high of $148.51. The firm has a market capitalization of $9.63 billion, a P/E ratio of 31.19, a PEG ratio of 3.95 and a beta of 0.59.

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, beating analysts’ consensus estimates of $1.12 by $0.09. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The business had revenue of $838.48 million for the quarter, compared to the consensus estimate of $842.50 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. AptarGroup’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts predict 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. Stockholders 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 dividend yield of 1.13%. AptarGroup’s dividend payout ratio is currently 35.19%.

Insider Activity at AptarGroup

In other AptarGroup news, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup stock in a transaction on Monday, March 4th. The shares were 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 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 SEC, which is available at the SEC website. In other news, insider Gael Touya sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of AptarGroup 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 sale, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,134 shares of company stock worth $5,990,627. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new position in shares of AptarGroup in the first quarter valued at about $158,000. BNP Paribas Financial Markets boosted its holdings 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 valued at $2,812,000 after purchasing an additional 6,633 shares during the period. Retirement Systems of Alabama grew its position in shares of AptarGroup by 0.3% during 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 in the last quarter. Principal Financial Group Inc. increased its holdings in shares of AptarGroup by 2.9% during the first 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 period. Finally, RWA Wealth Partners LLC raised its position in shares of AptarGroup by 10.2% in the first quarter. RWA Wealth Partners LLC now owns 2,693 shares of the industrial products company’s stock valued at $387,000 after buying an additional 250 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

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.