Robert W. Baird Reiterates Hold Rating for AptarGroup (ATR)

AptarGroup (NYSE:ATR)‘s stock had its “hold” rating reaffirmed by equities researchers at Robert W. Baird in a research report issued on Wednesday. They currently have a $92.00 price objective on the industrial products company’s stock. Robert W. Baird’s price objective indicates a potential upside of 1.48% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded AptarGroup from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, October 17th. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $90.00 target price (up from $83.00) on shares of AptarGroup in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.38.

AptarGroup (NYSE ATR) traded up $0.94 during mid-day trading on Wednesday, hitting $90.66. The stock had a trading volume of 511,077 shares, compared to its average volume of 315,206. The stock has a market cap of $5,590.00, a P/E ratio of 26.60, a P/E/G ratio of 2.71 and a beta of 0.88. AptarGroup has a 52-week low of $72.86 and a 52-week high of $92.32. The company has a current ratio of 2.75, a quick ratio of 2.29 and a debt-to-equity ratio of 0.96.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.10. The firm had revenue of $625.90 million for the quarter, compared to the consensus estimate of $577.17 million. AptarGroup had a return on equity of 17.04% and a net margin of 8.91%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. sell-side analysts expect that AptarGroup will post 3.59 earnings per share for the current year.

In other AptarGroup news, Director Stephen J. Hagge sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $86.12, for a total transaction of $2,153,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert Kuhn sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,000 shares of company stock worth $4,852,930. Insiders own 5.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Two Sigma Investments LP bought a new stake in shares of AptarGroup in the fourth quarter worth about $545,000. Two Sigma Advisers LP bought a new stake in shares of AptarGroup in the fourth quarter worth about $414,000. Stone Ridge Asset Management LLC bought a new stake in shares of AptarGroup in the fourth quarter worth about $1,552,000. Deutsche Bank AG increased its holdings in shares of AptarGroup by 338.6% in the fourth quarter. Deutsche Bank AG now owns 105,477 shares of the industrial products company’s stock worth $9,098,000 after purchasing an additional 81,430 shares during the last quarter. Finally, Jefferies Group LLC increased its holdings in shares of AptarGroup by 104.6% in the fourth quarter. Jefferies Group LLC now owns 19,633 shares of the industrial products company’s stock worth $1,694,000 after purchasing an additional 10,038 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

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About AptarGroup

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.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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