AptarGroup (NYSE:ATR) Lowered to “C+” at TheStreet

AptarGroup (NYSE:ATRGet Rating) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Thursday, TheStreetRatingsTable reports.

ATR has been the subject of several other reports. StockNews.com began coverage on AptarGroup in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company reduced their price objective on AptarGroup from $156.00 to $150.00 in a research report on Monday, May 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.00.

Shares of ATR opened at $97.50 on Thursday. The stock’s 50-day moving average is $109.76 and its two-hundred day moving average is $115.11. The stock has a market cap of $6.39 billion, a PE ratio of 29.64, a P/E/G ratio of 3.38 and a beta of 0.63. AptarGroup has a 12 month low of $94.03 and a 12 month high of $142.65. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.91 and a quick ratio of 1.37.

AptarGroup (NYSE:ATRGet Rating) last announced its earnings results on Thursday, April 28th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96. The business had revenue of $844.93 million for the quarter, compared to analyst estimates of $817.02 million. AptarGroup had a return on equity of 12.70% and a net margin of 6.75%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. On average, research analysts anticipate that AptarGroup will post 4.01 earnings per share for the current year.

In other AptarGroup news, insider Gael Touya sold 59,072 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $108.98, for a total value of $6,437,666.56. Following the transaction, the insider now owns 38,876 shares of the company’s stock, valued at $4,236,706.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ATR. Atticus Wealth Management LLC bought a new position in shares of AptarGroup in the fourth quarter valued at $26,000. UMB Bank N A MO bought a new position in shares of AptarGroup in the fourth quarter valued at $28,000. Marshall Wace LLP bought a new position in shares of AptarGroup in the fourth quarter valued at $31,000. Lumature Wealth Partners LLC increased its holdings in shares of AptarGroup by 64.2% in the fourth quarter. Lumature Wealth Partners LLC now owns 261 shares of the industrial products company’s stock valued at $32,000 after buying an additional 102 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of AptarGroup in the first quarter valued at $42,000. 87.70% of the stock is currently owned by institutional investors.

About AptarGroup (Get Rating)

AptarGroup, Inc provides a range of dispensing, sealing, and material science 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: Pharma, Beauty + Home, and Food + Beverage.

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