AptarGroup, Inc. (NYSE:ATR) Given Average Recommendation of “Hold” by Analysts

Shares of AptarGroup, Inc. (NYSE:ATRGet Rating) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $118.83.

Several analysts recently issued reports on ATR shares. BMO Capital Markets assumed coverage on AptarGroup in a report on Monday, October 31st. They issued a “buy” rating and a $135.00 price target on the stock. Wells Fargo & Company lifted their target price on AptarGroup from $109.00 to $121.00 and gave the company an “overweight” rating in a research note on Monday, January 9th. StockNews.com downgraded AptarGroup from a “buy” rating to a “hold” rating in a research note on Sunday, January 15th. Bank of America dropped their price objective on AptarGroup from $123.00 to $112.00 in a research note on Thursday, October 13th. Finally, Morgan Stanley dropped their price objective on AptarGroup from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 18th.

AptarGroup Price Performance

Shares of ATR opened at $112.84 on Wednesday. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 4.34 and a beta of 0.62. The stock has a 50 day moving average of $109.18 and a 200-day moving average of $104.58. The company has a current ratio of 1.56, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. AptarGroup has a 52 week low of $90.23 and a 52 week high of $122.94.

AptarGroup (NYSE:ATRGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.02. The business had revenue of $836.90 million for the quarter, compared to the consensus estimate of $838.49 million. AptarGroup had a return on equity of 13.02% and a net margin of 7.12%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. As a group, analysts forecast that AptarGroup will post 3.65 EPS for the current year.

AptarGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 2nd will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, February 1st. This represents a $1.52 annualized dividend and a dividend yield of 1.35%. AptarGroup’s dividend payout ratio is currently 42.94%.

Insider Buying and Selling

In other news, Director Matthew L. Trerotola acquired 3,170 shares of AptarGroup stock in a transaction on Thursday, November 3rd. The shares were purchased at an average price of $94.48 per share, with a total value of $299,501.60. Following the acquisition, the director now owns 4,378 shares in the company, valued at $413,633.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its stake in shares of AptarGroup by 76.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 328 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 142 shares during the period. CWM LLC increased its holdings in AptarGroup by 58.2% during the 2nd quarter. CWM LLC now owns 348 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 128 shares in the last quarter. Romano Brothers AND Company bought a new position in AptarGroup during the 4th quarter worth about $66,000. Ellevest Inc. increased its holdings in AptarGroup by 107.5% during the 3rd quarter. Ellevest Inc. now owns 606 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of AptarGroup by 141.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 776 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 455 shares in the last quarter. Institutional investors and hedge funds own 89.37% of the company’s stock.

AptarGroup Company Profile

(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.

Read More

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.