AptarGroup (ATR) Upgraded at Zacks Investment Research
According to Zacks, “AptarGroup projects first-quarter 2019 earnings per share between 95 cents and $1.00. The company expects its core sales to grow in each segment in the first quarter. The company is also poised to gain from business transformation in the Beauty + Home segment, product roll outs and focus on improving operations, going forward. Acquisitions are also likely to fuel growth. However, AptarGroup will bear the brunt of elevated raw-material costs and negative impact of foreign currency translation. Rising expenses may hurt margins in the near term.”
Several other research analysts have also recently weighed in on ATR. Vertical Research upgraded shares of AptarGroup from a sell rating to a hold rating in a report on Monday, January 7th. UBS Group set a $106.00 price target on shares of AptarGroup and gave the stock a hold rating in a report on Friday, January 18th. William Blair restated an outperform rating on shares of AptarGroup in a report on Thursday, February 21st. KeyCorp restated a hold rating on shares of AptarGroup in a report on Friday, February 22nd. Finally, Robert W. Baird upgraded shares of AptarGroup from a neutral rating to an outperform rating and set a $115.00 target price on the stock in a research note on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $105.78.
AptarGroup (NYSE:ATR) last released its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. AptarGroup had a net margin of 7.04% and a return on equity of 18.66%. The business had revenue of $685.03 million for the quarter, compared to analysts’ expectations of $668.21 million. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that AptarGroup will post 4.24 earnings per share for the current year.
In other AptarGroup news, Director Stephen J. Hagge sold 3,634 shares of the business’s stock in a transaction dated 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 directly owns 70,671 shares in the company, valued at $7,157,558.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATR. BlackRock Inc. raised its position in shares of AptarGroup by 3.3% in the fourth quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock valued at $520,170,000 after purchasing an additional 174,573 shares during the period. Paloma Partners Management Co bought a new stake in shares of AptarGroup in the fourth quarter valued at approximately $498,000. Brown Advisory Inc. bought a new stake in shares of AptarGroup in the fourth quarter valued at approximately $588,000. Bahl & Gaynor Inc. raised its position in shares of AptarGroup by 1.4% in the fourth quarter. Bahl & Gaynor Inc. now owns 25,575 shares of the industrial products company’s stock valued at $2,406,000 after purchasing an additional 360 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of AptarGroup in the third quarter valued at approximately $1,201,000. Hedge funds and other institutional investors own 91.26% 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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