AptarGroup, Inc. (ATR) Given Consensus Rating of “Hold” by Brokerages

Shares of AptarGroup, Inc. (NYSE:ATR) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $85.38.

A number of brokerages have weighed in on ATR. Robert W. Baird reaffirmed a “hold” rating and issued a $92.00 price target on shares of AptarGroup in a research note on Wednesday, February 14th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 price target (up previously from $83.00) on shares of AptarGroup in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th.

AptarGroup (NYSE ATR) opened at $91.83 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 3.16 and a debt-to-equity ratio of 0.91. AptarGroup has a one year low of $73.47 and a one year high of $92.32. The firm has a market cap of $5,720.44, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The firm had revenue of $625.90 million for the quarter, compared to analyst estimates of $577.17 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. equities research analysts expect that AptarGroup will post 3.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be issued a $0.32 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.39%. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.

In other news, Director Ralf K. Wunderlich sold 26,000 shares of AptarGroup stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total value of $2,262,780.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Hagge sold 25,000 shares of AptarGroup stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $91.17, for a total transaction of $2,279,250.00. Following the completion of the sale, the director now owns 114,613 shares in the company, valued at $10,449,267.21. The disclosure for this sale can be found here. Insiders sold 76,000 shares of company stock worth $6,782,580 over the last quarter. 5.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ATR. Robeco Institutional Asset Management B.V. raised its holdings in shares of AptarGroup by 222.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 427,811 shares of the industrial products company’s stock valued at $36,927,000 after purchasing an additional 295,110 shares during the last quarter. APG Asset Management N.V. increased its holdings in AptarGroup by 490.9% during the fourth quarter. APG Asset Management N.V. now owns 161,900 shares of the industrial products company’s stock worth $11,633,000 after buying an additional 134,500 shares during the last quarter. Renaissance Technologies LLC increased its holdings in AptarGroup by 146.7% during the fourth quarter. Renaissance Technologies LLC now owns 218,100 shares of the industrial products company’s stock worth $18,818,000 after buying an additional 129,700 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in AptarGroup by 8.1% during the fourth quarter. Champlain Investment Partners LLC now owns 1,727,600 shares of the industrial products company’s stock worth $149,057,000 after buying an additional 129,205 shares during the last quarter. Finally, Nuance Investments LLC increased its holdings in AptarGroup by 156.5% during the fourth quarter. Nuance Investments LLC now owns 209,324 shares of the industrial products company’s stock worth $18,060,000 after buying an additional 127,728 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

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About AptarGroup

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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