AptarGroup, Inc. (NYSE:ATR)‘s stock had its “hold” rating reissued by BMO Capital Markets in a research note issued to investors on Sunday, July 2nd. They presently have a $79.00 price objective on the industrial products company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 10.23% from the stock’s current price.
ATR has been the topic of several other research reports. 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. Vertical Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Zacks Investment Research lowered AptarGroup from a “hold” rating to a “sell” rating in a report on Monday, April 17th. Jefferies Group LLC reiterated a “hold” rating and set a $77.00 price target on shares of AptarGroup in a report on Thursday, June 8th. Finally, KeyCorp reiterated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. AptarGroup presently has an average rating of “Hold” and an average price target of $82.60.
AptarGroup (NYSE ATR) opened at 88.00 on Friday. AptarGroup has a 12 month low of $70.32 and a 12 month high of $90.79. The stock has a market capitalization of $5.49 billion, a PE ratio of 26.58 and a beta of 0.98. The company’s 50-day moving average is $87.51 and its 200-day moving average is $79.93.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.09% and a return on equity of 16.58%. The company had revenue of $617.75 million for the quarter, compared to analysts’ expectations of $624.74 million. During the same quarter in the previous year, the company posted $0.91 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts forecast that AptarGroup will post $3.45 EPS for the current year.
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In other news, Director Alain Chevassus sold 19,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the completion of the transaction, the director now directly owns 25,396 shares of the company’s stock, valued at $2,089,582.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director King W. Harris sold 14,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was 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 of the company’s stock, valued at $16,229,478.82. 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 quarter. Insiders own 5.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ATR. Dimensional Fund Advisors LP increased its position in shares of AptarGroup by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,144 shares of the industrial products company’s stock worth $37,104,000 after buying an additional 6,977 shares during the period. Credit Agricole S A boosted its stake in shares of AptarGroup by 62.6% in the fourth quarter. Credit Agricole S A now owns 26,501 shares of the industrial products company’s stock worth $1,947,000 after buying an additional 10,203 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of AptarGroup by 8.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,925 shares of the industrial products company’s stock worth $803,000 after buying an additional 850 shares in the last quarter. Norges Bank purchased a new stake in shares of AptarGroup during the fourth quarter worth $33,791,000. Finally, Teachers Advisors LLC boosted its stake in shares of AptarGroup by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 70,493 shares of the industrial products company’s stock worth $5,178,000 after buying an additional 3,399 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.
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.
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