AptarGroup, Inc. (ATR) Receives “Hold” Rating from BMO Capital Markets
AptarGroup, Inc. (NYSE:ATR)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a report issued on Thursday. They currently have a $92.00 price target on the industrial products company’s stock. BMO Capital Markets’ price target points to a potential upside of 2.12% from the company’s current price.
A number of other analysts have also recently issued reports on ATR. Zacks Investment Research cut shares of AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. 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 raised their target price for the stock from $68.00 to $70.00 in a research note on Tuesday, May 2nd. Jefferies Group LLC restated a “hold” rating and set a $77.00 target price on shares of AptarGroup in a research note on Thursday, June 8th. Finally, KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. AptarGroup presently has a consensus rating of “Hold” and an average price target of $82.60.
AptarGroup (NYSE ATR) opened at 90.30 on Thursday. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.79. The stock’s 50 day moving average is $87.04 and its 200 day moving average is $79.41. The company has a market cap of $5.64 billion, a P/E ratio of 27.27 and a beta of 0.98.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, April 27th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $591.69 million. AptarGroup had a net margin of 9.09% and a return on equity of 16.58%. AptarGroup’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts forecast that AptarGroup will post $3.45 earnings per share for the current year.
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In other AptarGroup news, Director Maritza Gomez Montiel acquired 1,720 shares of the company’s stock in a transaction on Friday, May 5th. The stock was acquired at an average price of $82.00 per share, for a total transaction of $141,040.00. Following the purchase, the director now directly owns 7,116 shares of the company’s stock, valued at $583,512. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert Kuhn sold 45,000 shares of AptarGroup stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $79.78, for a total transaction of $3,590,100.00. Following the completion of the sale, the chief financial officer now owns 34,008 shares of the company’s stock, valued at approximately $2,713,158.24. The disclosure for this sale can be found here. Insiders sold a total of 251,726 shares of company stock valued at $20,588,098 in the last quarter. Corporate insiders own 5.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake 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 valued at $206,649,000 after buying an additional 282,994 shares during the period. Kwmg LLC acquired a new stake in shares of AptarGroup during the first quarter valued at $1,590,000. Norges Bank purchased a new position in AptarGroup during the fourth quarter valued at approximately $33,791,000. Thrivent Financial for Lutherans raised its position 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 valued at $803,000 after buying an additional 850 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $37,104,000 after buying an additional 6,977 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
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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