AptarGroup, Inc. (ATR) to Post FY2021 Earnings of $5.75 Per Share, Jefferies Financial Group Forecasts

AptarGroup, Inc. (NYSE:ATR) – Research analysts at Jefferies Financial Group lifted their FY2021 earnings per share estimates for shares of AptarGroup in a report issued on Wednesday, October 10th. Jefferies Financial Group analyst D. Rizzo now forecasts that the industrial products company will earn $5.75 per share for the year, up from their previous estimate of $5.70.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Monday, October 1st. Wells Fargo & Co raised their target price on shares of AptarGroup from $93.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, July 31st. Vertical Research cut shares of AptarGroup from a “hold” rating to a “sell” rating and set a $86.00 target price for the company. in a research note on Tuesday, July 31st. Robert W. Baird raised their target price on shares of AptarGroup from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, BMO Capital Markets raised their target price on shares of AptarGroup from $92.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and a consensus price target of $105.13.

NYSE:ATR opened at $101.65 on Thursday. AptarGroup has a 1-year low of $79.97 and a 1-year high of $112.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.01 and a quick ratio of 2.42. The firm has a market capitalization of $6.70 billion, a P/E ratio of 30.00, a PEG ratio of 3.25 and a beta of 0.81.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 26th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. AptarGroup had a net margin of 8.19% and a return on equity of 17.83%. The company had revenue of $710.61 million during the quarter, compared to analysts’ expectations of $688.02 million.

In other AptarGroup news, Director Monnas Giovanna Kampouri sold 12,667 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $105.45, for a total transaction of $1,335,735.15. Following the completion of the sale, the director now owns 11,040 shares of the company’s stock, valued at approximately $1,164,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Salim Haffar sold 1,989 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $103.37, for a total value of $205,602.93. Following the sale, the insider now directly owns 23,782 shares of the company’s stock, valued at approximately $2,458,345.34. The disclosure for this sale can be found here. Insiders sold 97,862 shares of company stock valued at $10,071,434 over the last three months. 3.40% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. lifted its holdings in AptarGroup by 1.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 31,212 shares of the industrial products company’s stock valued at $2,915,000 after purchasing an additional 561 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in AptarGroup by 3.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the industrial products company’s stock valued at $1,578,000 after purchasing an additional 600 shares during the last quarter. Meadow Creek Investment Management LLC lifted its holdings in AptarGroup by 15.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,912 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 640 shares during the last quarter. Dempze Nancy E lifted its holdings in AptarGroup by 2.7% during the 2nd quarter. Dempze Nancy E now owns 25,212 shares of the industrial products company’s stock valued at $2,353,000 after purchasing an additional 651 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in AptarGroup by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,624 shares of the industrial products company’s stock valued at $806,000 after purchasing an additional 697 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

About AptarGroup

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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