BidaskClub Downgrades AptarGroup, Inc. (NYSE:ATR) to Hold
BidaskClub cut shares of AptarGroup, Inc. (NYSE:ATR) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.
Several other equities analysts have also weighed in on ATR. Jefferies Group LLC reiterated a hold rating and issued a $78.00 target price (down from $81.00) on shares of AptarGroup in a report on Monday, July 31st. Vertical Research upgraded shares of AptarGroup from a sell rating to a hold rating and boosted their target price for the company from $70.00 to $77.00 in a report on Monday, July 31st. BMO Capital Markets reiterated a hold rating and issued a $92.00 target price on shares of AptarGroup in a report on Thursday, July 20th. KeyCorp reiterated a hold rating on shares of AptarGroup in a report on Friday, June 23rd. Finally, Deutsche Bank AG reiterated a buy rating and issued a $90.00 target price (up from $87.00) on shares of AptarGroup in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $81.83.
Shares of AptarGroup (ATR) traded up 0.77% during midday trading on Thursday, reaching $82.14. 214,223 shares of the company’s stock were exchanged. The firm has a market cap of $5.15 billion, a PE ratio of 24.16 and a beta of 0.96. The stock’s 50-day moving average is $86.32 and its 200 day moving average is $80.67. AptarGroup has a one year low of $70.32 and a one year high of $90.79.
AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. The firm had revenue of $617.75 million for the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. AptarGroup’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 earnings per share. Analysts anticipate that AptarGroup will post $3.34 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 24th. This represents a $1.28 annualized dividend and a yield of 1.56%. AptarGroup’s payout ratio is 37.54%.
In other news, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the transaction, the director now directly owns 107,700 shares in the company, valued at approximately $9,258,969. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralf K. Wunderlich sold 2,559 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $82.81, for a total transaction of $211,910.79. Following the completion of the transaction, 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. Insiders sold a total of 143,226 shares of company stock worth $11,874,458 over the last quarter. 5.30% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of AptarGroup by 1.1% in the second quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock valued at $515,346,000 after buying an additional 64,412 shares in the last quarter. BlackRock Inc. raised its position in shares of AptarGroup by 5,710.7% in the first quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock valued at $391,639,000 after buying an additional 4,999,339 shares in the last quarter. State Street Corp raised its position in shares of AptarGroup by 12.5% in the first quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock valued at $261,776,000 after buying an additional 377,227 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of AptarGroup by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock valued at $235,197,000 after buying an additional 23,666 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position 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 valued at $183,083,000 after buying an additional 125,222 shares in the last quarter. Hedge funds and other institutional investors own 90.02% of the company’s stock.
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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