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

AptarGroup (NYSE:ATR - Free Report) had its price target upped by Wells Fargo & Company from $160.00 to $163.00 in a report published on Monday, Benzinga reports. The firm currently has an overweight rating on the industrial products company's stock.

ATR has been the topic of several other reports. Robert W. Baird increased their price target on AptarGroup from $150.00 to $170.00 and gave the company an outperform rating in a report on Monday. William Blair raised AptarGroup from a market perform rating to an outperform rating in a report on Monday.

AptarGroup Stock Up 2.1 %

Shares of AptarGroup stock traded up $3.05 during midday trading on Monday, hitting $146.38. The company had a trading volume of 676,652 shares, compared to its average volume of 324,456. 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 stock has a market capitalization of $9.69 billion, a P/E ratio of 31.51, a P/E/G ratio of 3.93 and a beta of 0.59. The company has a 50 day moving average of $140.97 and a 200 day moving average of $132.16. AptarGroup has a 52-week low of $111.63 and a 52-week high of $148.51.

AptarGroup (NYSE:ATR - Get Free Report) last issued its earnings results on Friday, February 9th. The industrial products company reported $1.21 EPS for the quarter, beating the consensus estimate 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 period last year, the business posted $0.92 EPS. The company's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that AptarGroup will post 5.21 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, April 25th will be issued a $0.41 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.12%. AptarGroup's dividend payout ratio is currently 35.19%.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 32,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 159,024 shares of the company's stock, valued at approximately $22,528,930.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other AptarGroup news, insider Gael Touya sold 3,500 shares of the stock in a transaction 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 completion of the sale, the insider now owns 33,426 shares in the company, valued at approximately $4,774,569.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephan B. Tanda sold 32,000 shares of the stock in a transaction 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 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. In the last three months, insiders have sold 37,500 shares of company stock valued at $5,318,280. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On AptarGroup

A number of institutional investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of AptarGroup during the first quarter valued at about $25,000. Global Retirement Partners LLC grew its position in shares of AptarGroup by 8,850.0% during the first quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 177 shares in the last quarter. C M Bidwell & Associates Ltd. grew its position in shares of AptarGroup by 1,063.3% during the third quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 319 shares in the last quarter. Mather Group LLC. purchased a new position in shares of AptarGroup during the first quarter valued at about $52,000. Finally, Riverview Trust Co purchased a new position in shares of AptarGroup during the first quarter valued at about $54,000. Hedge funds and other institutional investors own 88.52% of the company's stock.

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.