AptarGroup, Inc. (ATR) Receives $107.50 Consensus PT from Brokerages

AptarGroup, Inc. (NYSE:ATR) has earned an average rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $107.50.

Several research firms recently issued reports on ATR. Zacks Investment Research cut AptarGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, February 22nd. UBS Group set a $106.00 target price on AptarGroup and gave the stock a “hold” rating in a research report on Friday, January 18th. Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Finally, William Blair reiterated an “outperform” rating on shares of AptarGroup in a research report on Thursday, February 21st.

In other AptarGroup news, Director Stephen J. Hagge sold 3,634 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $101.28, for a total transaction of $368,051.52. Following the completion of the transaction, the director now owns 70,671 shares in the company, valued at approximately $7,157,558.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maritza Gomez Montiel sold 707 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $93.58, for a total value of $66,161.06. Following the transaction, the director now owns 4,033 shares of the company’s stock, valued at approximately $377,408.14. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in AptarGroup by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 617,453 shares of the industrial products company’s stock valued at $58,083,000 after purchasing an additional 36,722 shares in the last quarter. Norges Bank purchased a new position in AptarGroup during the 4th quarter worth $47,857,000. FMR LLC grew its stake in AptarGroup by 92.3% during the 4th quarter. FMR LLC now owns 2,001,521 shares of the industrial products company’s stock worth $188,283,000 after buying an additional 960,567 shares during the last quarter. HRT Financial LLC purchased a new position in AptarGroup during the 4th quarter worth $531,000. Finally, Millennium Management LLC grew its stake in AptarGroup by 64.1% during the 4th quarter. Millennium Management LLC now owns 165,194 shares of the industrial products company’s stock worth $15,540,000 after buying an additional 64,550 shares during the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

NYSE:ATR opened at $106.39 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.93 and a quick ratio of 1.38. AptarGroup has a 12-month low of $86.85 and a 12-month high of $112.31. The stock has a market cap of $6.69 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.42 and a beta of 0.80.

AptarGroup (NYSE:ATR) last released its earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. AptarGroup had a return on equity of 18.66% and a net margin of 7.04%. The firm had revenue of $685.03 million during the quarter, compared to analysts’ expectations of $668.21 million. During the same quarter last year, the business posted $0.81 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that AptarGroup will post 4.24 EPS for the current year.

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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