Morgan Stanley assumed coverage on shares of AptarGroup (NYSE:ATR) in a research report sent to investors on Monday morning, Benzinga reports. The brokerage issued an overweight rating and a $144.00 price objective on the industrial products company’s stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank cut Cogent Communications from a buy rating to a hold rating in a research note on Thursday, May 2nd. Zacks Investment Research cut HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Monday, April 22nd. Finally, Bank of America reaffirmed a neutral rating and set a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. AptarGroup presently has an average rating of Hold and an average target price of $111.78.

Shares of ATR stock opened at $124.02 on Monday. The company’s 50-day moving average price is $119.64. AptarGroup has a fifty-two week low of $88.26 and a fifty-two week high of $126.19. The company has a market capitalization of $7.81 billion, a PE ratio of 31.01, a P/E/G ratio of 2.75 and a beta of 0.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.13 and a quick ratio of 1.51.

AptarGroup (NYSE:ATR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.09. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The business had revenue of $744.46 million during the quarter, compared to analysts’ expectations of $743.68 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that AptarGroup will post 4.36 EPS for the current year.

In related news, insider Marc Prieur sold 2,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total value of $242,540.00. Following the completion of the transaction, the insider now owns 5,760 shares in the company, valued at approximately $698,515.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eldon W. Schaffer II sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $113.80, for a total value of $2,276,000.00. Following the completion of the transaction, the insider now owns 65,115 shares of the company’s stock, valued at approximately $7,410,087. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $4,284,590 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in ATR. PNC Financial Services Group Inc. boosted its position in shares of AptarGroup by 3.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,552 shares of the industrial products company’s stock valued at $899,000 after purchasing an additional 301 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of AptarGroup by 4.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,145 shares of the industrial products company’s stock valued at $389,000 after purchasing an additional 194 shares during the period. Advisor Group Inc. boosted its position in shares of AptarGroup by 31.4% in the 4th quarter. Advisor Group Inc. now owns 2,908 shares of the industrial products company’s stock valued at $273,000 after purchasing an additional 695 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of AptarGroup in the 4th quarter valued at $322,000. Finally, Northern Trust Corp boosted its position in shares of AptarGroup by 0.5% in the 4th quarter. Northern Trust Corp now owns 553,506 shares of the industrial products company’s stock valued at $52,067,000 after purchasing an additional 2,506 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

AptarGroup Company Profile

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.

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Analyst Recommendations for AptarGroup (NYSE:ATR)

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