AptarGroup’s (NYSE:ATR) Hold Rating Reaffirmed at KeyCorp

KeyCorp restated their hold rating on shares of AptarGroup, Inc. (NYSE:ATR) in a research note released on Friday, October 27th.

ATR has been the topic of a number of other research reports. BMO Capital Markets reissued a hold rating and set a $79.00 price target on shares of AptarGroup in a research note on Sunday, July 2nd. Deutsche Bank AG reissued a buy rating and set a $90.00 price target (up previously from $87.00) on shares of AptarGroup in a research note on Tuesday, July 18th. BidaskClub lowered AptarGroup from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Vertical Research raised AptarGroup from a sell rating to a hold rating and increased their target price for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $78.00 target price (down from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $84.57.

AptarGroup (NYSE ATR) traded up $0.02 on Friday, reaching $85.61. The company’s stock had a trading volume of 157,400 shares, compared to its average volume of 281,591. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96. AptarGroup has a 12-month low of $71.44 and a 12-month high of $90.79. The stock has a market cap of $5,331.73, a P/E ratio of 25.94, a PEG ratio of 3.01 and a beta of 0.97.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $624.33 million for the quarter, compared to analysts’ expectations of $599.31 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. analysts predict that AptarGroup will post 3.35 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 1.50%. AptarGroup’s dividend payout ratio is presently 37.43%.

In other news, insider Salim Haffar sold 18,130 shares of AptarGroup stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the sale, the insider now owns 39,556 shares of the company’s stock, valued at $3,421,198.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Maritza Gomez Montiel sold 3,780 shares of AptarGroup stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total value of $324,475.20. Following the sale, the director now directly owns 3,336 shares in the company, valued at approximately $286,362.24. The disclosure for this sale can be found here. Insiders sold 23,910 shares of company stock valued at $2,056,799 over the last quarter. Insiders own 5.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in AptarGroup during the third quarter worth approximately $187,000. Cigna Investments Inc. New bought a new stake in AptarGroup during the second quarter worth approximately $206,000. Stewart & Patten Co. LLC bought a new stake in AptarGroup during the second quarter worth approximately $208,000. Rehmann Capital Advisory Group bought a new stake in AptarGroup during the second quarter worth approximately $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AptarGroup by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,501 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 187 shares in the last quarter. 92.31% of the stock is currently owned by institutional investors.

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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