According to Zacks, “AptarGroup projects first-quarter 2019 earnings per share between 95 cents and $1.00. The company expects its core sales to grow in each segment in the first quarter. The company is also poised to gain from business transformation in the Beauty + Home segment, product roll outs and focus on improving operations, going forward. Acquisitions are also likely to fuel growth. However, AptarGroup will bear the brunt of elevated raw-material costs and negative impact of foreign currency translation. Rising expenses may hurt margins in the near term.”
A number of other equities research analysts have also recently commented on ATR. Bank of America reaffirmed an “underperform” rating and set a $100.00 price objective (up from $87.00) on shares of AptarGroup in a research note on Friday, April 5th. Robert W. Baird raised shares of AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Wednesday, February 27th. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, February 22nd. Vertical Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Finally, William Blair reissued an “outperform” rating on shares of AptarGroup in a report on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. AptarGroup has an average rating of “Hold” and a consensus price target of $105.78.
AptarGroup (NYSE:ATR) last released its earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $685.03 million during the quarter, compared to the consensus estimate of $668.21 million. AptarGroup had a return on equity of 18.66% and a net margin of 7.04%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 earnings per share. As a group, equities research analysts anticipate that AptarGroup will post 4.24 earnings per share for the current fiscal year.
In other news, Director Stephen J. Hagge sold 3,634 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 directly 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 can be accessed through the SEC website. 3.00% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oakbrook Investments LLC boosted its holdings in AptarGroup by 97.0% in the first quarter. Oakbrook Investments LLC now owns 6,500 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 3,200 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of AptarGroup by 29.6% in the 1st quarter. Mondrian Investment Partners LTD now owns 31,831 shares of the industrial products company’s stock worth $3,387,000 after buying an additional 7,276 shares during the last quarter. BTIM Corp. boosted its stake in shares of AptarGroup by 2.9% in the 1st quarter. BTIM Corp. now owns 979,773 shares of the industrial products company’s stock worth $104,238,000 after buying an additional 27,260 shares during the last quarter. Palisade Asset Management LLC bought a new stake in shares of AptarGroup in the 1st quarter worth approximately $670,000. Finally, Raymond James Trust N.A. raised its holdings in shares of AptarGroup by 6.6% in the 1st quarter. Raymond James Trust N.A. now owns 2,962 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 184 shares during the period. Hedge funds and other institutional investors own 91.26% of the company’s stock.
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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