AptarGroup (ATR) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of AptarGroup (NYSE:ATR) from a hold rating to a sell rating in a research note issued to investors on Friday.
According to Zacks, “AptarGroup projects first-quarter earnings per share 2019 between 95 cents and $1.00. Elevated raw material costs and transportation costs are expected to affect near-term margins. AptarGroup's performance will also be impacted by weaker beverage volumes in China. Rising expenses related to business-transformation plan in the Beauty + Home segment may hurt margins in the near term. Moreover, AptarGroup’s results will bear the brunt of foreign currency translation.”
Other equities research analysts have also issued research reports about the stock. Vertical Research lowered shares of AptarGroup from a hold rating to a sell rating in a research report on Friday, February 22nd. UBS Group set a $106.00 price target on shares of AptarGroup and gave the company a hold rating in a research report on Friday, January 18th. Robert W. Baird raised shares of AptarGroup from a neutral rating to an outperform rating and set a $115.00 price target for the company in a research report on Wednesday, February 27th. William Blair reaffirmed an outperform rating on shares of AptarGroup in a research report on Thursday, February 21st. Finally, KeyCorp reaffirmed a hold rating on shares of AptarGroup in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $106.50.
AptarGroup (NYSE:ATR) last issued its earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.07. AptarGroup had a return on equity of 18.66% and a net margin of 7.04%. The business had revenue of $685.03 million during the quarter, compared to analyst estimates of $668.21 million. During the same quarter in the previous year, the firm earned $0.81 EPS. AptarGroup’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that AptarGroup will post 4.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, January 30th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, January 29th. AptarGroup’s payout ratio is currently 34.00%.
In related news, Director Maritza Gomez Montiel sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $93.58, for a total transaction of $66,161.06. Following the completion of the transaction, the director now directly owns 4,033 shares in the company, valued at approximately $377,408.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen J. Hagge sold 3,634 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $101.28, for a total value of $368,051.52. Following the transaction, the director now owns 70,671 shares of the company’s stock, valued at $7,157,558.88. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Ffcm LLC bought a new position in shares of AptarGroup during the 4th quarter valued at approximately $25,000. Pearl River Capital LLC bought a new position in shares of AptarGroup during the 4th quarter valued at approximately $26,000. Quantamental Technologies LLC bought a new position in shares of AptarGroup during the 4th quarter valued at approximately $37,000. NumerixS Investment Technologies Inc bought a new position in shares of AptarGroup during the 4th quarter valued at approximately $83,000. Finally, Eversept Partners LP bought a new position in shares of AptarGroup during the 4th quarter valued at approximately $103,000. Institutional investors own 90.92% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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