AptarGroup, Inc. (ATR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of AptarGroup, Inc. (NYSE:ATR) have received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $85.38.

Several research analysts have recently issued reports on ATR shares. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Wednesday, January 31st. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a research note on Wednesday, February 14th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $90.00 target price (up previously from $83.00) on shares of AptarGroup in a research note on Wednesday, February 14th.

In other news, Director Ralf K. Wunderlich sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $87.03, for a total value of $2,262,780.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eldon W. Schaffer II sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $90.17, for a total transaction of $1,803,400.00. Following the completion of the transaction, the insider now directly owns 52,857 shares in the company, valued at approximately $4,766,115.69. The disclosure for this sale can be found here. Insiders sold a total of 76,000 shares of company stock worth $6,782,580 in the last ninety days. Insiders own 5.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Gardiner Nancy B boosted its stake in AptarGroup by 2.6% during the 3rd quarter. Gardiner Nancy B now owns 23,030 shares of the industrial products company’s stock worth $1,989,000 after acquiring an additional 590 shares during the last quarter. GW&K Investment Management LLC boosted its stake in AptarGroup by 0.4% during the 4th quarter. GW&K Investment Management LLC now owns 142,807 shares of the industrial products company’s stock worth $12,321,000 after acquiring an additional 623 shares during the last quarter. American International Group Inc. boosted its stake in AptarGroup by 0.5% during the 3rd quarter. American International Group Inc. now owns 128,320 shares of the industrial products company’s stock worth $11,075,000 after acquiring an additional 655 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in AptarGroup by 9.1% during the 4th quarter. OppenheimerFunds Inc. now owns 7,982 shares of the industrial products company’s stock worth $689,000 after acquiring an additional 665 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in AptarGroup by 5.8% during the 4th quarter. Amalgamated Bank now owns 12,505 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 690 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of AptarGroup (NYSE ATR) opened at $91.83 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.16 and a quick ratio of 2.52. The firm has a market cap of $5,720.44, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.86 and a beta of 0.88. AptarGroup has a 1 year low of $73.47 and a 1 year high of $92.32.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Monday, February 12th. The industrial products company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. The firm had revenue of $625.90 million during the quarter, compared to analysts’ expectations of $577.17 million. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. equities research analysts forecast that AptarGroup will post 3.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, January 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, January 30th. AptarGroup’s dividend payout ratio (DPR) is presently 37.43%.

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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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