$583.76 Million in Sales Expected for AptarGroup, Inc. (ATR) This Quarter
Wall Street brokerages expect AptarGroup, Inc. (NYSE:ATR) to report $583.76 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for AptarGroup’s earnings, with the lowest sales estimate coming in at $577.10 million and the highest estimate coming in at $593.18 million. AptarGroup posted sales of $538.87 million during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is expected to report its next quarterly earnings report after the market closes on Monday, February 12th.
On average, analysts expect that AptarGroup will report full-year sales of $583.76 million for the current year, with estimates ranging from $2.42 billion to $2.44 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.56 billion per share, with estimates ranging from $2.50 billion to $2.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover AptarGroup.
ATR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Wednesday, January 31st. KeyCorp restated a “hold” rating on shares of AptarGroup in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “hold” rating and set a $85.00 price objective on shares of AptarGroup in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $83.71.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, January 31st will be given a $0.32 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $1.28 annualized dividend and a yield of 1.53%. AptarGroup’s payout ratio is presently 37.43%.
In other AptarGroup news, CFO Robert Kuhn sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralf K. Wunderlich sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The disclosure for this sale can be found here. Insiders sold 56,000 shares of company stock worth $4,852,930 over the last quarter. Insiders own 5.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its stake in shares of AptarGroup by 294.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,013,917 shares of the industrial products company’s stock worth $88,069,000 after purchasing an additional 757,017 shares in the last quarter. BTIM Corp. increased its stake in shares of AptarGroup by 4.0% in the fourth quarter. BTIM Corp. now owns 986,274 shares of the industrial products company’s stock worth $85,096,000 after purchasing an additional 38,201 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of AptarGroup by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock worth $68,225,000 after purchasing an additional 8,515 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of AptarGroup by 2.2% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 666,732 shares of the industrial products company’s stock worth $57,546,000 after purchasing an additional 14,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of AptarGroup by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 619,630 shares of the industrial products company’s stock worth $53,482,000 after purchasing an additional 12,035 shares in the last quarter. 91.40% of the stock is owned by hedge funds and other institutional investors.
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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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