AptarGroup, Inc. (ATR) Downgraded by BidaskClub to Sell
BidaskClub downgraded shares of AptarGroup, Inc. (NYSE:ATR) from a hold rating to a sell rating in a report released on Thursday.
Several other research analysts have also issued reports on the company. Zacks Investment Research upgraded AptarGroup from a sell rating to a hold rating in a research report on Wednesday. Jefferies Group LLC restated a hold rating and set a $78.00 target price (down previously from $81.00) on shares of AptarGroup in a research report on Monday, July 31st. Vertical Research upgraded 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 research report on Monday, July 31st. BMO Capital Markets restated a hold rating and set a $92.00 target price on shares of AptarGroup in a research report on Thursday, July 20th. Finally, Deutsche Bank AG restated a buy rating and set a $90.00 target price (up previously from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $81.83.
Shares of AptarGroup (ATR) traded up 1.71% during trading on Thursday, hitting $82.47. The stock had a trading volume of 182,069 shares. AptarGroup has a 52 week low of $70.32 and a 52 week high of $90.79. The company has a market capitalization of $5.17 billion, a PE ratio of 24.26 and a beta of 0.96. The firm has a 50-day moving average price of $85.17 and a 200 day moving average price of $81.23.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The business had revenue of $617.75 million during the quarter, compared to analyst estimates of $624.74 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts anticipate that AptarGroup will post $3.34 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, July 26th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.58%. AptarGroup’s payout ratio is 37.54%.
In related news, insider Gael Touya sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the transaction, the insider now owns 33,092 shares of the company’s stock, valued at $2,688,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen J. Hagge sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $85.97, for a total transaction of $2,149,250.00. Following the completion of the transaction, the director now directly owns 107,700 shares of the company’s stock, valued at approximately $9,258,969. The disclosure for this sale can be found here. Insiders sold 76,000 shares of company stock valued at $6,353,280 in the last quarter. 5.30% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased 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 worth $391,639,000 after buying an additional 4,999,339 shares during the period. Lord Abbett & CO. LLC increased its position in shares of AptarGroup by 294.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after buying an additional 757,017 shares during the period. State Street Corp increased 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 worth $261,776,000 after buying an additional 377,227 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of AptarGroup by 617.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 414,123 shares of the industrial products company’s stock worth $31,883,000 after buying an additional 356,377 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of AptarGroup by 6.4% in the first quarter. Vanguard Group Inc. now owns 5,868,657 shares of the industrial products company’s stock worth $451,828,000 after buying an additional 355,044 shares during the period. 90.49% of the stock is owned by institutional investors.
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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