AptarGroup (NYSE:ATR) PT Raised to $170.00

AptarGroup (NYSE:ATR) had its price target raised by analysts at Robert W. Baird from $150.00 to $170.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective indicates a potential upside of 17.77% from the stock’s current price.

Separately, Wells Fargo & Company raised their price objective on AptarGroup from $157.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, March 7th.

AptarGroup Trading Down 1.4 %

AptarGroup stock opened at $144.35 on Monday. The stock has a 50-day moving average of $141.24 and a two-hundred day moving average of $132.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 1.30. AptarGroup has a one year low of $111.63 and a one year high of $148.51. The stock has a market cap of $9.55 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 3.93 and a beta of 0.59.

AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Friday, February 9th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.09. AptarGroup had a return on equity of 15.06% and a net margin of 8.83%. The firm had revenue of $838.48 million during the quarter, compared to analysts’ expectations of $842.50 million. During the same period last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that AptarGroup will post 5.21 EPS for the current fiscal year.

Insider Buying and Selling at AptarGroup

In other news, insider Gael Touya sold 3,500 shares of AptarGroup stock in a transaction on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the completion of the sale, the insider now directly owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Monnas Giovanna Kampouri sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $142.45, for a total transaction of $284,900.00. Following the completion of the transaction, the director now directly owns 9,648 shares of the company’s stock, valued at approximately $1,374,357.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gael Touya sold 3,500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $142.84, for a total value of $499,940.00. Following the transaction, the insider now directly owns 33,426 shares of the company’s stock, valued at $4,774,569.84. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock worth $5,318,280 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in shares of AptarGroup in the 1st quarter valued at about $25,000. Global Retirement Partners LLC lifted its holdings in shares of AptarGroup by 8,850.0% in the 1st quarter. Global Retirement Partners LLC now owns 179 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 177 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its holdings in shares of AptarGroup by 1,063.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 349 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 319 shares during the last quarter. Adirondack Trust Co. purchased a new stake in shares of AptarGroup in the 3rd quarter valued at about $50,000. Finally, Mather Group LLC. purchased a new stake in shares of AptarGroup in the 1st quarter valued at about $52,000. 88.52% of the stock is owned by institutional investors and hedge funds.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.