AptarGroup (NYSE:ATR) Stock Rating Upgraded by William Blair

AptarGroup (NYSE:ATR) was upgraded by William Blair from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat.com reports.

Several other brokerages have also weighed in on ATR. Wells Fargo & Company upped their price objective on shares of AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Robert W. Baird upped their price objective on shares of AptarGroup from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday.

AptarGroup Price Performance

ATR stock opened at $144.35 on Monday. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 3.93 and a beta of 0.59. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. AptarGroup has a 12-month low of $111.63 and a 12-month high of $148.51. The company’s fifty day simple moving average is $141.24 and its 200 day simple moving average is $132.44.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.09. AptarGroup had a net margin of 8.83% and a return on equity of 15.06%. The firm had revenue of $838.48 million for the quarter, compared to analyst estimates of $842.50 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts expect that AptarGroup will post 5.21 earnings per share for the current year.

Insider Transactions at AptarGroup

In other AptarGroup news, insider Gael Touya sold 3,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the sale, the insider now directly owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AptarGroup news, insider Gael Touya sold 3,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the sale, the insider now directly owns 33,426 shares of the company’s stock, valued at approximately $4,774,569.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephan B. Tanda sold 32,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $141.67, for a total transaction of $4,533,440.00. Following the completion of the sale, the chief executive officer now directly owns 159,024 shares of the company’s stock, valued at $22,528,930.08. The disclosure for this sale can be found here. Insiders sold a total of 37,500 shares of company stock valued at $5,318,280 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of AptarGroup by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,146,231 shares of the industrial products company’s stock valued at $893,565,000 after buying an additional 53,625 shares in the last quarter. Morgan Stanley grew its holdings in shares of AptarGroup by 10.0% during the 3rd quarter. Morgan Stanley now owns 4,608,460 shares of the industrial products company’s stock valued at $576,242,000 after purchasing an additional 420,457 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of AptarGroup by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 1,438,442 shares of the industrial products company’s stock valued at $177,820,000 after purchasing an additional 21,545 shares during the last quarter. FMR LLC grew its holdings in shares of AptarGroup by 19.7% during the 3rd quarter. FMR LLC now owns 1,371,141 shares of the industrial products company’s stock valued at $171,447,000 after purchasing an additional 225,296 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of AptarGroup by 9.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,147,557 shares of the industrial products company’s stock valued at $143,491,000 after purchasing an additional 101,279 shares during the last quarter. 88.52% of the stock is owned by institutional investors.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.