AptarGroup, Inc. (NYSE:ATR) Given Consensus Recommendation of “Hold” by Analysts
AptarGroup, Inc. (NYSE:ATR) has received an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $81.83.
ATR has been the subject of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 price objective (up previously from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BidaskClub downgraded shares of AptarGroup from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective (down previously from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating and raised their price objective for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $92.00 price objective on shares of AptarGroup in a research report on Thursday, July 20th.
AptarGroup (NYSE:ATR) opened at 82.74 on Monday. AptarGroup has a one year low of $70.32 and a one year high of $90.79. The company’s 50-day moving average is $87.28 and its 200-day moving average is $80.28. The firm has a market cap of $5.18 billion, a PE ratio of 24.34 and a beta of 0.96.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.05. The business had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, analysts forecast that AptarGroup will post $3.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, July 24th. AptarGroup’s dividend payout ratio (DPR) is presently 37.54%.
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In other news, Director Alain Chevassus sold 19,000 shares of AptarGroup stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the sale, the director now directly owns 25,396 shares in the company, valued at approximately $2,089,582.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralf K. Wunderlich sold 2,559 shares of AptarGroup stock in a transaction on Monday, May 15th. The stock was sold at an average price of $82.81, for a total value of $211,910.79. Following the sale, the director now owns 36,024 shares in the company, valued at $2,983,147.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,226 shares of company stock worth $13,437,778. Company insiders own 5.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in AptarGroup by 33.8% in the second quarter. Prudential Financial Inc. now owns 64,534 shares of the industrial products company’s stock worth $5,605,000 after buying an additional 16,290 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of AptarGroup by 7.9% in the second quarter. GHP Investment Advisors Inc. now owns 28,739 shares of the industrial products company’s stock worth $2,496,000 after buying an additional 2,106 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of AptarGroup by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 5,683 shares of the industrial products company’s stock worth $494,000 after buying an additional 20 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of AptarGroup during the second quarter worth about $2,750,000. Finally, Victory Capital Management Inc. boosted its stake in shares of AptarGroup by 6.3% in the second quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after buying an additional 125,222 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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