KeyCorp Weighs in on AptarGroup, Inc.’s Q3 2017 Earnings (ATR)
AptarGroup, Inc. (NYSE:ATR) – Analysts at KeyCorp increased their Q3 2017 earnings per share (EPS) estimates for AptarGroup in a report released on Thursday. KeyCorp analyst A. Josephson now forecasts that the industrial products company will earn $0.88 per share for the quarter, up from their prior forecast of $0.87. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for AptarGroup’s Q4 2017 earnings at $0.74 EPS, FY2017 earnings at $3.40 EPS and FY2018 earnings at $3.42 EPS.
AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The company had revenue of $601.30 million for the quarter, compared to analyst estimates of $591.69 million. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue was up 3.3% compared to the same quarter last year.
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A number of other research firms also recently weighed in on ATR. BMO Capital Markets reiterated a “hold” rating and issued a $79.00 price target on shares of AptarGroup in a research report on Sunday, July 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $77.00 price objective on shares of AptarGroup in a research note on Thursday, June 8th. Vertical Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Vertical Group cut shares of AptarGroup from a “hold” rating to a “sell” rating and lifted their price objective for the company from $68.00 to $70.00 in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and a consensus price target of $77.50.
Shares of AptarGroup (NYSE:ATR) opened at 88.09 on Monday. The stock has a 50 day moving average price of $85.04 and a 200 day moving average price of $77.98. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 26.61 and a beta of 0.98. AptarGroup has a 1-year low of $70.32 and a 1-year high of $88.55.
In related news, CFO Robert Kuhn sold 45,000 shares of AptarGroup stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $79.78, for a total value of $3,590,100.00. Following the transaction, the chief financial officer now directly owns 34,008 shares of the company’s stock, valued at $2,713,158.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director King W. Harris sold 14,000 shares of AptarGroup stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $85.43, for a total transaction of $1,196,020.00. Following the completion of the transaction, the director now directly owns 189,974 shares in the company, valued at $16,229,478.82. The disclosure for this sale can be found here. Insiders sold 251,726 shares of company stock worth $20,588,098 over the last three months. 5.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of AptarGroup by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,684,112 shares of the industrial products company’s stock worth $206,649,000 after buying an additional 282,994 shares during the period. Kwmg LLC bought a new stake in AptarGroup during the first quarter worth $1,590,000. Norges Bank bought a new stake in AptarGroup during the fourth quarter worth $33,791,000. Thrivent Financial for Lutherans boosted its stake in AptarGroup by 8.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,925 shares of the industrial products company’s stock worth $803,000 after buying an additional 850 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in AptarGroup by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,144 shares of the industrial products company’s stock worth $37,104,000 after buying an additional 6,977 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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