Jefferies Group Begins Coverage on AptarGroup Inc. (ATR)
Stock analysts at Jefferies Group started coverage on shares of AptarGroup Inc. (NYSE:ATR) in a research note issued on Thursday. The firm set a “hold” rating on the stock.
Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research report on Friday, September 9th. Robert W. Baird boosted their price target on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.00.
AptarGroup (NYSE:ATR) opened at 75.66 on Thursday. AptarGroup has a 52 week low of $66.33 and a 52 week high of $81.50. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 24.56 and a beta of 0.87. The company has a 50 day moving average of $77.82 and a 200 day moving average of $77.72.
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AptarGroup (NYSE:ATR) last announced its quarterly earnings results 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. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The company had revenue of $620 million for the quarter, compared to analysts’ expectations of $621.52 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. AptarGroup’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that AptarGroup will post $3.18 EPS for the current fiscal year.
In other news, Director King W. Harris sold 13,100 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total transaction of $1,003,722.00. Following the completion of the sale, the director now directly owns 195,509 shares of the company’s stock, valued at $14,979,899.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Salim Haffar sold 50,333 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total transaction of $3,963,220.42. Following the sale, the insider now directly owns 23,149 shares of the company’s stock, valued at $1,822,752.26. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several hedge funds have recently modified their holdings of ATR. Independent Portfolio Consultants Inc. raised its stake in shares of AptarGroup by 4.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,115 shares of the company’s stock worth $164,000 after buying an additional 95 shares in the last quarter. Williams Jones & Associates LLC bought a new stake in shares of AptarGroup during the second quarter worth about $38,768,000. Nomura Holdings Inc. raised its stake in shares of AptarGroup by 78.9% in the second quarter. Nomura Holdings Inc. now owns 7,514 shares of the company’s stock worth $594,000 after buying an additional 3,314 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of AptarGroup by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,903 shares of the company’s stock worth $863,000 after buying an additional 61 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new stake in shares of AptarGroup during the second quarter worth about $2,279,000. 88.33% of the stock is owned by hedge funds and other institutional investors.
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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