AptarGroup, Inc. (NYSE:ATR) Short Interest Update

AptarGroup, Inc. (NYSE:ATR) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 982,600 shares, a decline of 6.2% from the May 30th total of 1,047,600 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 240,700 shares, the short-interest ratio is presently 4.1 days.

In other AptarGroup news, insider Marc Prieur sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total transaction of $242,540.00. Following the completion of the sale, the insider now directly owns 5,760 shares of the company’s stock, valued at approximately $698,515.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eldon W. Schaffer II sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $113.80, for a total value of $2,276,000.00. Following the sale, the insider now directly owns 65,115 shares of the company’s stock, valued at $7,410,087. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock worth $4,284,590 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new position in AptarGroup in the fourth quarter valued at approximately $83,000. Hilton Capital Management LLC bought a new position in AptarGroup in the first quarter valued at $132,000. NN Investment Partners Holdings N.V. bought a new position in AptarGroup in the second quarter valued at $179,000. ETF Managers Group LLC increased its stake in AptarGroup by 10.8% in the first quarter. ETF Managers Group LLC now owns 1,609 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 157 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc bought a new position in AptarGroup in the second quarter valued at $221,000. Institutional investors and hedge funds own 89.77% of the company’s stock.

AptarGroup stock traded up $0.02 during mid-day trading on Monday, reaching $123.43. The company’s stock had a trading volume of 1,335 shares, compared to its average volume of 283,404. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. The firm’s 50 day moving average is $119.85. The company has a current ratio of 2.13, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. AptarGroup has a twelve month low of $88.26 and a twelve month high of $126.19.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The firm had revenue of $744.46 million for the quarter, compared to analysts’ expectations of $743.68 million. AptarGroup had a net margin of 7.07% and a return on equity of 18.90%. AptarGroup’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. As a group, research analysts expect that AptarGroup will post 4.36 earnings per share for the current fiscal year.

ATR has been the topic of a number of research analyst reports. Deutsche Bank downgraded shares of Cogent Communications from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Zacks Investment Research lowered shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a “hold” rating in a research report on Monday, July 8th. Finally, Bank of America restated a “neutral” rating and set a $105.00 price target (up previously from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. AptarGroup has an average rating of “Hold” and a consensus target price of $111.78.

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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