AptarGroup, Inc. (ATR) Receives Average Rating of “Hold” from Brokerages
AptarGroup, Inc. (NYSE:ATR) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $81.83.
A number of research analysts recently issued reports on the stock. BidaskClub downgraded shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and boosted their price target for the company from $70.00 to $77.00 in a research note on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $78.00 price target (down previously from $81.00) on shares of AptarGroup in a research note on Monday, July 31st. Finally, KeyCorp restated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd.
AptarGroup (ATR) opened at 81.86 on Tuesday. The firm’s 50-day moving average is $85.03 and its 200 day moving average is $81.30. The stock has a market capitalization of $5.13 billion, a PE ratio of 24.08 and a beta of 0.96. AptarGroup has a 52-week low of $70.32 and a 52-week high of $90.79.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, July 27th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05. AptarGroup had a net margin of 9.36% and a return on equity of 16.91%. The company had revenue of $617.75 million for the quarter, compared to the consensus estimate of $624.74 million. During the same quarter in the previous year, the company earned $0.91 EPS. AptarGroup’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts forecast that AptarGroup will post $3.34 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, July 26th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. AptarGroup’s dividend payout ratio (DPR) is presently 37.54%.
In other news, Director Stephen J. Hagge sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $85.97, for a total value of $2,149,250.00. Following the completion of the sale, the director now owns 107,700 shares in the company, valued at approximately $9,258,969. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gael Touya sold 35,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.25, for a total transaction of $2,843,750.00. Following the completion of the sale, the insider now owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The disclosure for this sale can be found here. Insiders have sold a total of 76,000 shares of company stock valued at $6,353,280 in the last 90 days. 5.30% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock valued at $137,000 after buying an additional 30 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AptarGroup by 16.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,314 shares of the industrial products company’s stock valued at $178,000 after buying an additional 335 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in AptarGroup by 11.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 2,330 shares of the industrial products company’s stock valued at $179,000 after buying an additional 240 shares during the last quarter. Huntington National Bank raised its stake in AptarGroup by 4.7% in the first quarter. Huntington National Bank now owns 2,621 shares of the industrial products company’s stock valued at $202,000 after buying an additional 117 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new stake in AptarGroup during the first quarter valued at about $204,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.
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AptarGroup Company Profile
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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