AptarGroup, Inc. (ATR) Receives “Hold” Rating from Jefferies Group LLC
AptarGroup, Inc. (NYSE:ATR)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a report released on Thursday. They currently have a $78.00 target price on the industrial products company’s stock. Jefferies Group LLC’s target price indicates a potential downside of 6.71% from the company’s previous close.
Several other brokerages also recently weighed in on ATR. Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BMO Capital Markets restated a “hold” rating and set a $79.00 price objective on shares of AptarGroup in a report on Sunday, July 2nd. BidaskClub downgraded AptarGroup from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. KeyCorp restated a “hold” rating on shares of AptarGroup in a report on Friday, June 23rd. Finally, Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and upped their price objective for the stock from $70.00 to $77.00 in a report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. AptarGroup currently has an average rating of “Hold” and an average target price of $81.83.
Shares of AptarGroup (NYSE ATR) traded up 0.77% on Thursday, reaching $83.61. The company had a trading volume of 267,379 shares. AptarGroup has a 1-year low of $70.32 and a 1-year high of $90.79. The firm has a 50-day moving average price of $85.03 and a 200 day moving average price of $81.30. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 24.59 and a beta of 0.96.
AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The company had revenue of $617.75 million during the quarter, compared to the consensus estimate of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. AptarGroup’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Equities research analysts predict that AptarGroup will post $3.34 earnings per share for the current year.
In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total transaction of $164,260.00. Following the completion of the sale, the director now directly owns 6,469 shares of the company’s stock, valued at approximately $531,298.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gael Touya sold 35,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the sale, the insider now directly owns 33,092 shares of the company’s stock, valued at $2,688,725. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,000 shares of company stock valued at $6,353,280. Insiders own 5.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock worth $178,000 after buying an additional 335 shares during the period. Cigna Investments Inc. New acquired a new stake in shares of AptarGroup during the second quarter worth $206,000. Fiduciary Management Inc. WI acquired a new stake in shares of AptarGroup during the first quarter worth $208,000. Finally, Stewart & Patten Co. LLC acquired a new stake in shares of AptarGroup during the second quarter worth $208,000. 92.08% 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, 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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