AptarGroup (NYSE:ATR) Price Target Raised to $122.00 at UBS Group

AptarGroup (NYSE:ATR) had its price target hoisted by UBS Group from $115.00 to $122.00 in a research report released on Thursday, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of AptarGroup from a sell rating to a hold rating in a report on Monday, April 22nd. Bank of America restated an underperform rating and set a $100.00 target price (up from $87.00) on shares of AptarGroup in a report on Friday, April 5th. Morgan Stanley started coverage on shares of AptarGroup in a research report on Monday, July 8th. They set an overweight rating and a $144.00 price objective for the company. Finally, Deutsche Bank reaffirmed a buy rating and set a $124.00 price objective on shares of AptarGroup in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $121.00.

Shares of NYSE ATR traded up $0.46 during midday trading on Thursday, reaching $118.02. The company’s stock had a trading volume of 269,748 shares, compared to its average volume of 248,524. 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 has a fifty-two week low of $88.26 and a fifty-two week high of $126.19. The company has a market cap of $7.82 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79. The stock has a 50 day simple moving average of $122.50.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. AptarGroup had a net margin of 7.07% and a return on equity of 18.90%. The company had revenue of $742.66 million for the quarter, compared to the consensus estimate of $752.11 million. During the same period last year, the company earned $1.09 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, research analysts predict that AptarGroup will post 4.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. AptarGroup’s dividend payout ratio (DPR) is 36.00%.

In other news, insider Gael Touya sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $119.93, for a total value of $1,199,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc Prieur sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were 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 disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in ATR. Thrivent Financial for Lutherans increased its position in shares of AptarGroup by 7.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 16,083 shares of the industrial products company’s stock worth $1,513,000 after purchasing an additional 1,047 shares in the last quarter. Legal & General Group Plc increased its position in AptarGroup by 5.1% in the 4th quarter. Legal & General Group Plc now owns 88,667 shares of the industrial products company’s stock valued at $8,341,000 after acquiring an additional 4,339 shares in the last quarter. Millennium Management LLC increased its position in AptarGroup by 64.1% in the 4th quarter. Millennium Management LLC now owns 165,194 shares of the industrial products company’s stock valued at $15,540,000 after acquiring an additional 64,550 shares in the last quarter. FMR LLC increased its position in AptarGroup by 92.3% in the 4th quarter. FMR LLC now owns 2,001,521 shares of the industrial products company’s stock valued at $188,283,000 after acquiring an additional 960,567 shares in the last quarter. Finally, Norges Bank acquired a new stake in AptarGroup in the 4th quarter valued at about $47,857,000. 89.67% of the stock is owned by institutional investors.

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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