AptarGroup, Inc. (NYSE:ATR) Given Average Rating of “Hold” by Brokerages

AptarGroup, Inc. (NYSE:ATR) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $121.00.

Several research analysts have commented on the stock. Morgan Stanley assumed coverage on shares of AptarGroup in a research note on Monday, July 8th. They set an “overweight” rating and a $144.00 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Thursday, August 1st. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Deutsche Bank reaffirmed a “buy” rating and set a $124.00 price objective on shares of AptarGroup in a research note on Thursday, May 2nd. Finally, UBS Group lifted their price objective on shares of AptarGroup from $115.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

Shares of ATR stock traded up $2.64 on Tuesday, reaching $119.72. The company’s stock had a trading volume of 352,623 shares, compared to its average volume of 250,669. The stock’s fifty day simple moving average is $122.38. AptarGroup has a 1 year low of $88.26 and a 1 year high of $126.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.11 and a quick ratio of 1.52. The stock has a market capitalization of $7.46 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 2.66 and a beta of 0.76.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $742.66 million during the quarter, compared to analyst estimates of $752.11 million. AptarGroup had a net margin of 7.63% and a return on equity of 18.51%. AptarGroup’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, research analysts expect that AptarGroup will post 4.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, July 30th. AptarGroup’s payout ratio is 36.00%.

In other news, insider Gael Touya sold 10,000 shares of AptarGroup stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $119.93, for a total transaction of $1,199,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc Prieur sold 2,000 shares of AptarGroup 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 sale, the insider now owns 5,760 shares of the company’s stock, valued at $698,515.20. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in shares of AptarGroup during the second quarter worth $44,000. Ellis Investment Partners LLC bought a new stake in shares of AptarGroup in the first quarter valued at about $77,000. Hilton Capital Management LLC bought a new stake in shares of AptarGroup in the first quarter valued at about $132,000. ETF Managers Group LLC raised its holdings in shares of 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 in the last quarter. Finally, NEXT Financial Group Inc bought a new stake in shares of AptarGroup in the second quarter valued at about $178,000. Institutional investors and hedge funds own 89.57% 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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