AptarGroup Inc. (ATR) Shares Gap Up to $78.61
AptarGroup Inc. (NYSE:ATR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $78.43, but opened at $78.61. AptarGroup shares last traded at $79.25, with a volume of 78,134 shares.
ATR has been the subject of several recent analyst reports. BMO Capital Markets reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. Robert W. Baird upped their target price on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. AptarGroup presently has a consensus rating of “Hold” and a consensus target price of $76.00.
The firm’s 50-day moving average is $77.44 and its 200-day moving average is $77.67. The company has a market capitalization of $4.95 billion, a P/E ratio of 25.56 and a beta of 0.93.
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AptarGroup (NYSE:ATR) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The business had revenue of $620 million for the quarter, compared to analysts’ expectations of $621.52 million. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. Equities research analysts forecast that AptarGroup Inc. will post $3.18 EPS for the current year.
In other AptarGroup news, CFO Robert Kuhn sold 3,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $78.59, for a total transaction of $235,770.00. Following the completion of the transaction, the chief financial officer now owns 15,050 shares of the company’s stock, valued at $1,182,779.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Salim Haffar sold 50,333 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total value of $3,963,220.42. Following the transaction, the insider now directly owns 23,149 shares of the company’s stock, valued at approximately $1,822,752.26. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ATR. C M Bidwell & Associates Ltd. raised its position in shares of AptarGroup by 16.9% in the first quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the company’s stock valued at $122,000 after buying an additional 225 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of AptarGroup by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 1,529,140 shares of the company’s stock valued at $119,899,000 after buying an additional 202,129 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in shares of AptarGroup during the first quarter valued at approximately $308,000. Rehmann Capital Advisory Group purchased a new position in shares of AptarGroup during the first quarter valued at approximately $238,000. Finally, Teachers Advisors Inc. raised its position in shares of AptarGroup by 29.6% in the first quarter. Teachers Advisors Inc. now owns 93,603 shares of the company’s stock valued at $7,339,000 after buying an additional 21,369 shares in the last quarter. 87.82% of the stock is owned by institutional investors and hedge funds.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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