Brokerages Set AptarGroup Inc. (ATR) Price Target at $83.50
AptarGroup Inc. (NYSE:ATR) has earned an average rating of “Hold” from the ten research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $83.50.
A number of brokerages have recently issued reports on ATR. Robert W. Baird increased their price target on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 31st. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research report on Friday, September 9th. Jefferies Group initiated coverage on shares of AptarGroup in a research report on Thursday, October 13th. They issued a “hold” rating and a $83.00 price objective on the stock. Finally, Vertical Group upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, October 31st.
Shares of AptarGroup (NYSE:ATR) opened at 75.49 on Friday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 24.50 and a beta of 0.94. The company’s 50-day moving average is $74.60 and its 200 day moving average is $76.91. AptarGroup has a 52-week low of $66.33 and a 52-week high of $81.50.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.01. The business had revenue of $590 million for the quarter, compared to analysts’ expectations of $608.32 million. AptarGroup had a net margin of 8.53% and a return on equity of 16.23%. AptarGroup’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Analysts expect that AptarGroup will post $3.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 2nd will be given a dividend of $0.32 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, October 31st. AptarGroup’s dividend payout ratio (DPR) is presently 41.56%.
In other AptarGroup news, CFO Robert Kuhn sold 3,000 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $78.59, for a total transaction of $235,770.00. Following the transaction, the chief financial officer now directly owns 15,050 shares in the company, valued at $1,182,779.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Salim Haffar sold 50,333 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total value of $3,963,220.42. Following the sale, the insider now directly owns 23,149 shares of the company’s stock, valued at approximately $1,822,752.26. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in AptarGroup by 5.3% in the first quarter. Geode Capital Management LLC now owns 396,063 shares of the company’s stock worth $31,055,000 after buying an additional 19,817 shares during the period. Springbok Capital Management LLC bought a new stake in AptarGroup during the first quarter worth $243,000. Metropolitan Life Insurance Co. NY raised its stake in AptarGroup by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 57,478 shares of the company’s stock worth $4,507,000 after buying an additional 1,948 shares during the period. Magnetar Financial LLC bought a new stake in AptarGroup during the first quarter worth $232,000. Finally, Arizona State Retirement System raised its stake in AptarGroup by 3.8% in the first quarter. Arizona State Retirement System now owns 32,504 shares of the company’s stock worth $2,549,000 after buying an additional 1,200 shares during the period. 89.87% of the stock is owned by hedge funds and other institutional investors.
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About AptarGroup AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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