AptarGroup, Inc. (NYSE:ATR) has received an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $82.00.

ATR has been the subject of several recent analyst reports. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $85.00 price objective on shares of AptarGroup in a report on Thursday, October 12th.

In other AptarGroup news, insider Salim Haffar sold 18,130 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $86.49, for a total transaction of $1,568,063.70. Following the completion of the sale, the insider now owns 39,556 shares of the company’s stock, valued at approximately $3,421,198.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maritza Gomez Montiel sold 3,780 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $85.84, for a total value of $324,475.20. Following the sale, the director now directly owns 3,336 shares of the company’s stock, valued at approximately $286,362.24. The disclosure for this sale can be found here. Insiders have sold a total of 77,910 shares of company stock valued at $6,745,469 in the last ninety days. Insiders own 5.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ATR. Lord Abbett & CO. LLC lifted its holdings in AptarGroup by 294.7% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock valued at $88,069,000 after purchasing an additional 757,017 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of AptarGroup by 222.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 427,811 shares of the industrial products company’s stock worth $36,927,000 after buying an additional 295,110 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of AptarGroup by 57.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 652,706 shares of the industrial products company’s stock worth $56,694,000 after buying an additional 238,583 shares in the last quarter. FMR LLC lifted its holdings in shares of AptarGroup by 90.6% during the second quarter. FMR LLC now owns 481,139 shares of the industrial products company’s stock worth $41,792,000 after buying an additional 228,698 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of AptarGroup by 78.5% during the second quarter. Principal Financial Group Inc. now owns 453,947 shares of the industrial products company’s stock worth $39,430,000 after buying an additional 199,681 shares in the last quarter. 90.85% of the stock is owned by institutional investors and hedge funds.

Shares of AptarGroup (NYSE ATR) opened at $86.28 on Monday. The company has a market capitalization of $5,374.71, a P/E ratio of 25.23, a PEG ratio of 3.03 and a beta of 0.95. The company has a quick ratio of 2.29, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. AptarGroup has a twelve month low of $71.44 and a twelve month high of $90.79.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. The company had revenue of $624.33 million during the quarter, compared to the consensus estimate of $599.31 million. AptarGroup had a return on equity of 16.82% and a net margin of 9.24%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. analysts forecast that AptarGroup will post 3.35 earnings per share for the current year.

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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.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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