AptarGroup’s (ATR) Hold Rating Reaffirmed at Robert W. Baird
AptarGroup, Inc. (NYSE:ATR)‘s stock had its “hold” rating reissued by stock analysts at Robert W. Baird in a note issued to investors on Thursday. They presently have a $85.00 price target on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential downside of 3.80% from the company’s current price.
Several other brokerages have also commented on ATR. Zacks Investment Research upgraded AptarGroup from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, September 22nd. Jefferies Group LLC restated a “hold” rating and set a $78.00 price target on shares of AptarGroup in a research note on Thursday, August 31st. BidaskClub lowered AptarGroup from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Vertical Research upgraded AptarGroup from a “sell” rating to a “hold” rating and increased their target price for the company from $70.00 to $77.00 in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. AptarGroup presently has a consensus rating of “Hold” and a consensus target price of $82.00.
Shares of AptarGroup (NYSE ATR) traded up 0.24% during mid-day trading on Thursday, hitting $88.57. The company’s stock had a trading volume of 56,883 shares. The company has a market cap of $5.56 billion, a PE ratio of 26.05 and a beta of 0.96. The stock has a 50-day moving average of $85.32 and a 200-day moving average of $83.70. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.79.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The firm had revenue of $617.75 million during the quarter, compared to analyst estimates of $624.74 million. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, equities research analysts forecast that AptarGroup will post $3.34 EPS for the current year.
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In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $82.13, for a total value of $164,260.00. Following the completion of the transaction, the director now owns 6,469 shares of the company’s stock, valued at $531,298.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gael Touya sold 35,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.25, for a total value of $2,843,750.00. Following the completion of the transaction, the insider now directly owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in AptarGroup by 1.1% in the second quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock valued at $515,346,000 after purchasing an additional 64,412 shares during the last quarter. BlackRock Inc. lifted its holdings in AptarGroup by 5,710.7% during the 1st quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock worth $391,639,000 after buying an additional 4,999,339 shares during the last quarter. State Street Corp lifted its holdings in AptarGroup by 12.5% during the 1st quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock worth $261,776,000 after buying an additional 377,227 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in AptarGroup by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock worth $235,197,000 after buying an additional 23,666 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in AptarGroup by 6.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock worth $183,083,000 after buying an additional 125,222 shares during the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.
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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