AptarGroup’s (ATR) “Buy” Rating Reiterated at Deutsche Bank AG
AptarGroup, Inc. (NYSE:ATR)‘s stock had its “buy” rating reissued by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They presently have a $90.00 price objective on the industrial products company’s stock, up from their prior price objective of $87.00. Deutsche Bank AG’s price target suggests a potential upside of 0.23% from the stock’s current price.
A number of other research firms have also commented on ATR. BMO Capital Markets reiterated a “hold” rating and issued a $79.00 price objective on shares of AptarGroup in a research note on Sunday, July 2nd. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and set a $77.00 price target on shares of AptarGroup in a research note on Thursday, June 8th. Vertical Research lowered AptarGroup from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Finally, Vertical Group lowered AptarGroup from a “hold” rating to a “sell” rating and boosted their price target for the company from $68.00 to $70.00 in a research note on Tuesday, May 2nd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. AptarGroup currently has an average rating of “Hold” and an average price target of $80.00.
AptarGroup (NYSE:ATR) traded up 0.57% during midday trading on Tuesday, hitting $90.30. The stock had a trading volume of 95,673 shares. AptarGroup has a 12-month low of $70.32 and a 12-month high of $90.41. The stock has a market cap of $5.64 billion, a P/E ratio of 27.27 and a beta of 0.98. The company’s 50-day moving average price is $85.04 and its 200 day moving average price is $77.98.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $601.30 million for the quarter, compared to analyst estimates of $591.69 million. AptarGroup had a return on equity of 16.58% and a net margin of 9.09%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, equities research analysts predict that AptarGroup will post $3.43 earnings per share for the current fiscal year.
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In other news, VP Ursula Saint-Leger sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $81.86, for a total value of $4,093,000.00. Following the transaction, the vice president now directly owns 60,042 shares of the company’s stock, valued at approximately $4,915,038.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maritza Gomez Montiel bought 1,720 shares of AptarGroup stock in a transaction dated Friday, May 5th. The stock was acquired at an average cost of $82.00 per share, for a total transaction of $141,040.00. Following the completion of the acquisition, the director now directly owns 7,116 shares in the company, valued at $583,512. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 251,726 shares of company stock worth $20,588,098. Corporate insiders own 5.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ATR. JPMorgan Chase & Co. increased its position in shares of AptarGroup by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 2,684,112 shares of the industrial products company’s stock valued at $206,649,000 after buying an additional 282,994 shares during the last quarter. Kwmg LLC acquired a new position in shares of AptarGroup during the first quarter valued at approximately $1,590,000. Norges Bank acquired a new position in shares of AptarGroup during the fourth quarter valued at approximately $33,791,000. Thrivent Financial for Lutherans increased its position in shares of AptarGroup by 8.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,925 shares of the industrial products company’s stock valued at $803,000 after buying an additional 850 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of AptarGroup by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,144 shares of the industrial products company’s stock valued at $37,104,000 after buying an additional 6,977 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
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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