Shares of AptarGroup, Inc. (NYSE:ATR) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $92.14.
Several research firms have commented on ATR. ValuEngine raised shares of AptarGroup from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Zacks Investment Research lowered shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. UBS Group began coverage on shares of AptarGroup in a research report on Wednesday, June 20th. They set a “neutral” rating and a $105.00 price target for the company. KeyCorp reissued a “hold” rating on shares of AptarGroup in a research report on Friday, April 27th. Finally, Jefferies Financial Group began coverage on shares of AptarGroup in a research report on Friday, May 18th. They set a “hold” rating and a $99.00 price target for the company.
Shares of AptarGroup stock opened at $92.63 on Monday. The company has a current ratio of 3.16, a quick ratio of 2.55 and a debt-to-equity ratio of 0.85. AptarGroup has a 1 year low of $79.97 and a 1 year high of $96.39. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.86 and a beta of 0.78.
AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, April 26th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The company had revenue of $703.35 million for the quarter, compared to analysts’ expectations of $674.84 million. AptarGroup had a net margin of 8.85% and a return on equity of 17.53%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. equities research analysts forecast that AptarGroup will post 3.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 30th. Shareholders of record on Wednesday, May 9th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, May 8th. AptarGroup’s payout ratio is 37.21%.
In related news, Director Stephen J. Hagge sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $91.98, for a total value of $2,299,500.00. Following the completion of the transaction, the director now directly owns 110,105 shares of the company’s stock, valued at approximately $10,127,457.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director King W. Harris sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $93.29, for a total transaction of $4,664,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,616 shares of company stock valued at $7,678,990. Insiders own 5.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in ATR. Victory Capital Management Inc. raised its position in shares of AptarGroup by 19.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,923,289 shares of the industrial products company’s stock valued at $172,770,000 after purchasing an additional 313,441 shares during the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of AptarGroup by 7.9% in the 1st quarter. Atlanta Capital Management Co. L L C now owns 3,872,169 shares of the industrial products company’s stock valued at $347,837,000 after purchasing an additional 282,170 shares during the last quarter. BlackRock Inc. raised its position in shares of AptarGroup by 3.8% in the 1st quarter. BlackRock Inc. now owns 5,366,466 shares of the industrial products company’s stock valued at $482,069,000 after purchasing an additional 194,562 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of AptarGroup by 93.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 375,045 shares of the industrial products company’s stock valued at $33,690,000 after purchasing an additional 180,874 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of AptarGroup by 146.7% in the 4th quarter. Renaissance Technologies LLC now owns 218,100 shares of the industrial products company’s stock valued at $18,818,000 after purchasing an additional 129,700 shares during the last quarter. 89.59% of the stock is owned by hedge funds and other institutional investors.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates in three segments: Beauty + Home, Pharma, and Food + Beverage.
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