AptarGroup, Inc. (ATR) Rating Reiterated by BMO Capital Markets

AptarGroup, Inc. (NYSE:ATR)‘s stock had its “hold” rating restated by equities research analysts at BMO Capital Markets in a report issued on Sunday, July 2nd. They presently have a $79.00 price objective on the industrial products company’s stock. BMO Capital Markets’ price target suggests a potential downside of 12.31% from the stock’s previous close.

ATR has been the subject of a number of other reports. Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Vertical Group cut shares of AptarGroup from a “hold” rating to a “sell” rating and lifted their target price for the stock from $68.00 to $70.00 in a research note on Tuesday, May 2nd. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Vertical Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $77.00 price objective on shares of AptarGroup in a research note on Thursday, June 8th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $82.60.

AptarGroup (ATR) opened at 90.39 on Friday. The firm has a market capitalization of $5.64 billion, a P/E ratio of 27.30 and a beta of 0.98. AptarGroup has a one year low of $70.32 and a one year high of $90.79. The stock’s 50 day moving average is $87.04 and its 200 day moving average is $79.41.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. AptarGroup had a net margin of 9.09% and a return on equity of 16.58%. The business had revenue of $601.30 million for the quarter, compared to analysts’ expectations of $591.69 million. During the same period last year, the business earned $0.71 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that AptarGroup will post $3.45 earnings per share for the current fiscal year.

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In other AptarGroup news, Director King W. Harris sold 14,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $85.43, for a total value of $1,196,020.00. Following the transaction, the director now directly owns 189,974 shares in the company, valued at $16,229,478.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ursula Saint-Leger sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $81.86, for a total transaction of $4,093,000.00. Following the completion of the transaction, the vice president now owns 60,042 shares in the company, valued at $4,915,038.12. The disclosure for this sale can be found here. Insiders have sold 251,726 shares of company stock worth $20,588,098 over the last 90 days. Insiders own 5.30% of the company’s stock.

Several large investors have recently modified their holdings of ATR. Wetherby Asset Management Inc. increased its stake in AptarGroup by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 7,493 shares of the industrial products company’s stock worth $577,000 after buying an additional 25 shares during the period. Mycio Wealth Partners LLC increased its stake in AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock worth $478,000 after buying an additional 26 shares during the period. Opus Capital Group LLC increased its stake in AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock worth $391,000 after buying an additional 30 shares during the period. Toronto Dominion Bank boosted its position in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock worth $274,000 after buying an additional 31 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

AptarGroup Company Profile

AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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