Analysts Set AptarGroup, Inc. (NYSE:ATR) PT at $122.33

Shares of AptarGroup, Inc. (NYSE:ATR – Get Rating) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $122.33.

Several research analysts have recently weighed in on ATR shares. TheStreet upgraded shares of AptarGroup from a “c+” rating to a “b-” rating in a research note on Tuesday, January 17th. Robert W. Baird lifted their target price on shares of AptarGroup from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, February 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AptarGroup from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Wells Fargo & Company lifted their target price on shares of AptarGroup from $121.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, February 21st. Finally, StockNews.com began coverage on shares of AptarGroup in a report on Thursday. They set a “buy” rating for the company.

AptarGroup Stock Down 1.7 %

AptarGroup stock opened at $110.76 on Thursday. The firm has a market capitalization of $7.24 billion, a PE ratio of 30.94, a P/E/G ratio of 4.13 and a beta of 0.63. The company’s 50-day moving average is $113.82 and its 200-day moving average is $106.75. AptarGroup has a fifty-two week low of $90.23 and a fifty-two week high of $122.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.56 and a quick ratio of 1.03.

AptarGroup (NYSE:ATR – Get Rating) last released its quarterly earnings data on Friday, February 17th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. The company had revenue of $795.91 million for the quarter, compared to analyst estimates of $775.57 million. AptarGroup had a net margin of 7.20% and a return on equity of 12.78%. AptarGroup’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. Sell-side analysts anticipate that AptarGroup will post 3.86 earnings per share for the current year.

AptarGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Thursday, February 2nd were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, February 1st. AptarGroup’s dividend payout ratio is currently 42.46%.

Insider Buying and Selling at AptarGroup

In other AptarGroup news, CFO Robert Kuhn sold 64,560 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $114.04, for a total value of $7,362,422.40. Following the completion of the sale, the chief financial officer now owns 54,044 shares of the company’s stock, valued at approximately $6,163,177.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Maritza Gomez Montiel sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $114.67, for a total value of $172,005.00. Following the completion of the transaction, the director now directly owns 4,024 shares in the company, valued at approximately $461,432.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Kuhn sold 64,560 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $114.04, for a total transaction of $7,362,422.40. Following the completion of the transaction, the chief financial officer now owns 54,044 shares of the company’s stock, valued at $6,163,177.76. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On AptarGroup

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crawford Investment Counsel Inc. acquired a new position in shares of AptarGroup in the 2nd quarter valued at approximately $432,000. Guggenheim Capital LLC increased its position in AptarGroup by 141.6% during the 3rd quarter. Guggenheim Capital LLC now owns 13,226 shares of the industrial products company’s stock worth $1,257,000 after purchasing an additional 7,751 shares in the last quarter. First Republic Investment Management Inc. increased its position in AptarGroup by 16.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 12,071 shares of the industrial products company’s stock worth $1,147,000 after purchasing an additional 1,688 shares in the last quarter. Bank of Montreal Can increased its position in AptarGroup by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 215,299 shares of the industrial products company’s stock worth $22,269,000 after purchasing an additional 6,747 shares in the last quarter. Finally, ETF Managers Group LLC increased its position in AptarGroup by 4.5% during the 3rd quarter. ETF Managers Group LLC now owns 5,859 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 253 shares in the last quarter. 89.37% of the stock is currently owned by institutional investors and hedge funds.

About AptarGroup

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AptarGroup, Inc engages in the design, manufacture, drug delivery, consumer product dispensing, sealing and active packaging solutions, and services for the prescription drug, consumer health care, injectable, active packaging, beauty, personal care, home care, and food and beverages industries. It operates through the following segments: Pharma, Beauty and Home, and Food and Beverage.