AptarGroup, Inc. (NYSE:ATR) Given Average Recommendation of “Moderate Buy” by Brokerages

AptarGroup, Inc. (NYSE:ATRGet Rating) has earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $116.83.

A number of analysts have recently issued reports on ATR shares. StockNews.com started coverage on shares of AptarGroup in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America lowered their price objective on shares of AptarGroup from $123.00 to $112.00 in a report on Thursday, October 13th. Morgan Stanley decreased their target price on shares of AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 18th. BMO Capital Markets started coverage on shares of AptarGroup in a research note on Monday, October 31st. They issued a “buy” rating and a $135.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of AptarGroup from $145.00 to $125.00 in a research note on Tuesday, July 19th.

Insiders Place Their Bets

In other AptarGroup news, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction on Monday, August 15th. The shares were sold at an average price of $112.08, for a total transaction of $560,400.00. Following the completion of the transaction, the insider now directly owns 10,396 shares of the company’s stock, valued at $1,165,183.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Matthew L. Trerotola acquired 3,170 shares of AptarGroup stock in a transaction on Thursday, November 3rd. The stock was purchased at an average cost of $94.48 per share, with a total value of $299,501.60. Following the completion of the transaction, the director now directly owns 4,378 shares in the company, valued at approximately $413,633.44. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction on Monday, August 15th. The stock was sold at an average price of $112.08, for a total transaction of $560,400.00. Following the transaction, the insider now directly owns 10,396 shares of the company’s stock, valued at $1,165,183.68. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On AptarGroup

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of AptarGroup by 76.3% during the third quarter. Rockefeller Capital Management L.P. now owns 328 shares of the industrial products company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. CWM LLC lifted its holdings in shares of AptarGroup by 58.2% during the second quarter. CWM LLC now owns 348 shares of the industrial products company’s stock worth $36,000 after buying an additional 128 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of AptarGroup during the first quarter worth $42,000. Quadrant Capital Group LLC lifted its holdings in shares of AptarGroup by 129.7% during the first quarter. Quadrant Capital Group LLC now owns 395 shares of the industrial products company’s stock worth $47,000 after buying an additional 223 shares in the last quarter. Finally, Ellevest Inc. lifted its holdings in shares of AptarGroup by 107.5% during the third quarter. Ellevest Inc. now owns 606 shares of the industrial products company’s stock worth $58,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

AptarGroup Stock Performance

Shares of ATR stock opened at $102.33 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.56. AptarGroup has a 52 week low of $90.23 and a 52 week high of $135.81. The company has a market capitalization of $6.68 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.90 and a beta of 0.64. The company’s 50 day moving average price is $99.12 and its two-hundred day moving average price is $103.42.

AptarGroup (NYSE:ATRGet Rating) last posted its quarterly earnings data on Friday, October 28th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. AptarGroup had a net margin of 7.12% and a return on equity of 13.02%. The company had revenue of $836.90 million for the quarter, compared to the consensus estimate of $838.49 million. During the same period last year, the company earned $0.94 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, analysts expect that AptarGroup will post 3.68 earnings per share for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 16th. Shareholders of record on Wednesday, October 26th will be given a dividend of $0.38 per share. The ex-dividend date is Tuesday, October 25th. This represents a $1.52 dividend on an annualized basis and a yield of 1.49%. AptarGroup’s dividend payout ratio (DPR) is 42.94%.

AptarGroup Company Profile

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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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Analyst Recommendations for AptarGroup (NYSE:ATR)

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