AptarGroup, Inc. (NYSE:ATR) Receives Average Recommendation of “Hold” from Brokerages

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Shares of AptarGroup, Inc. (NYSE:ATR) have been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $121.33.

Separately, ValuEngine cut shares of AptarGroup from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

Shares of ATR stock opened at $116.67 on Friday. AptarGroup has a 12-month low of $99.21 and a 12-month high of $126.19. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $115.93 and its 200 day moving average is $116.25. The stock has a market capitalization of $7.43 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.66 and a beta of 0.66.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, January 28th. AptarGroup’s dividend payout ratio is presently 36.00%.

In other news, Director Joanne C. Dr Smith sold 2,251 shares of AptarGroup stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $114.00, for a total transaction of $256,614.00. Following the transaction, the director now owns 16,555 shares in the company, valued at approximately $1,887,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 2,313 shares of AptarGroup stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.73, for a total transaction of $260,744.49. Insiders have sold a total of 23,564 shares of company stock worth $2,733,898 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of AptarGroup by 1.5% during the 2nd quarter. BlackRock Inc. now owns 5,689,676 shares of the industrial products company’s stock valued at $707,455,000 after purchasing an additional 82,467 shares during the period. State Street Corp raised its position in shares of AptarGroup by 3.6% during the 4th quarter. State Street Corp now owns 2,472,434 shares of the industrial products company’s stock valued at $285,863,000 after purchasing an additional 85,421 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of AptarGroup by 43.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,900,900 shares of the industrial products company’s stock valued at $219,782,000 after purchasing an additional 578,200 shares during the period. Victory Capital Management Inc. raised its position in shares of AptarGroup by 74.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,474,217 shares of the industrial products company’s stock valued at $170,449,000 after purchasing an additional 628,945 shares during the period. Finally, Champlain Investment Partners LLC raised its position in shares of AptarGroup by 0.4% during the 4th quarter. Champlain Investment Partners LLC now owns 1,340,855 shares of the industrial products company’s stock valued at $155,030,000 after purchasing an additional 5,130 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

AptarGroup Company Profile

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 through three segments: Beauty + Home, Pharma, and Food + Beverage.

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Analyst Recommendations for AptarGroup (NYSE:ATR)

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