AptarGroup Inc. (ATR) Now Covered by Jefferies Group
Equities research analysts at Jefferies Group initiated coverage on shares of AptarGroup Inc. (NYSE:ATR) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.
ATR has been the subject of several other reports. Robert W. Baird increased their price objective on AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. AptarGroup currently has a consensus rating of “Hold” and an average target price of $76.00.
AptarGroup (NYSE:ATR) opened at 75.66 on Thursday. The company’s 50-day moving average price is $77.82 and its 200 day moving average price is $77.72. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 24.56 and a beta of 0.87. AptarGroup has a 12 month low of $66.33 and a 12 month high of $81.50.
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AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The company earned $620 million during the quarter, compared to analyst estimates of $621.52 million. AptarGroup had a return on equity of 16.67% and a net margin of 8.54%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 earnings per share. Analysts predict that AptarGroup will post $3.18 EPS for the current year.
In related news, insider Salim Haffar sold 50,333 shares of AptarGroup stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $78.74, for a total value of $3,963,220.42. Following the completion of the transaction, the insider now directly owns 23,149 shares in the company, valued at $1,822,752.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Kuhn sold 3,000 shares of AptarGroup stock in a transaction on Friday, August 26th. The shares were sold at an average price of $78.59, for a total value 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 disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its position in AptarGroup by 0.3% in the second quarter. Retirement Systems of Alabama now owns 172,954 shares of the company’s stock worth $13,686,000 after buying an additional 435 shares during the period. Hermes Investment Management Ltd. raised its position in AptarGroup by 14.5% in the second quarter. Hermes Investment Management Ltd. now owns 450,425 shares of the company’s stock worth $35,642,000 after buying an additional 56,939 shares during the period. Ownership Capital B.V. raised its position in AptarGroup by 28.0% in the second quarter. Ownership Capital B.V. now owns 381,465 shares of the company’s stock worth $30,185,000 after buying an additional 83,504 shares during the period. Speece Thorson Capital Group Inc. raised its position in AptarGroup by 1.4% in the second quarter. Speece Thorson Capital Group Inc. now owns 159,086 shares of the company’s stock worth $12,588,000 after buying an additional 2,170 shares during the period. Finally, GW&K Investment Management LLC raised its position in AptarGroup by 18.6% in the second quarter. GW&K Investment Management LLC now owns 159,676 shares of the company’s stock worth $12,635,000 after buying an additional 25,081 shares during the period. Hedge funds and other institutional investors own 88.33% of the company’s stock.
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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