Robert W. Baird restated their hold rating on shares of AptarGroup, Inc. (NYSE:ATR) in a research report sent to investors on Thursday. The firm currently has a $85.00 price target on the industrial products company’s stock.
A number of other equities research analysts have also recently commented on ATR. Zacks Investment Research raised shares of AptarGroup from a sell rating to a hold rating in a research report on Tuesday, August 29th. BidaskClub cut shares of AptarGroup from a hold rating to a sell rating in a research report on Thursday, August 24th. Deutsche Bank AG reissued a buy rating and set a $90.00 target price (up previously from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BMO Capital Markets reissued a hold rating and set a $79.00 target price on shares of AptarGroup in a research report on Sunday, July 2nd. Finally, KeyCorp reissued a hold rating on shares of AptarGroup in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. AptarGroup currently has an average rating of Hold and a consensus price target of $82.00.
Shares of AptarGroup (NYSE:ATR) opened at 88.84 on Thursday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 26.13 and a beta of 0.96. AptarGroup has a one year low of $70.32 and a one year high of $90.79. The firm has a 50-day moving average of $85.84 and a 200 day moving average of $83.92.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million during the quarter, compared to analysts’ expectations of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. On average, equities research analysts predict that AptarGroup will post $3.34 EPS for the current year.
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In other AptarGroup news, insider Gael Touya sold 35,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the transaction, the insider now directly owns 33,092 shares of the company’s stock, valued at $2,688,725. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the transaction, the director now directly owns 6,469 shares in the company, valued at $531,298.97. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
Large investors have recently bought and sold shares of the company. Cigna Investments Inc. New purchased a new position in shares of AptarGroup in the second quarter worth about $206,000. Stewart & Patten Co. LLC purchased a new position in shares of AptarGroup in the second quarter worth about $208,000. Rehmann Capital Advisory Group purchased a new position in shares of AptarGroup in the second quarter worth about $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AptarGroup by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after buying an additional 187 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of AptarGroup by 233.1% in the second quarter. Susquehanna International Group LLP now owns 2,528 shares of the industrial products company’s stock worth $220,000 after buying an additional 4,428 shares in the last quarter. 91.45% of the stock is currently 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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