AptarGroup, Inc. (NYSE:ATR) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $109.17.
A number of research analysts have issued reports on ATR shares. Vertical Research cut AptarGroup from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Zacks Investment Research raised AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Bank of America reaffirmed an “underperform” rating and set a $100.00 price objective (up from $87.00) on shares of AptarGroup in a research report on Friday, April 5th. William Blair reaffirmed an “outperform” rating on shares of AptarGroup in a research report on Thursday, February 21st. Finally, Robert W. Baird raised AptarGroup from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Wednesday, February 27th.
In other news, insider Eldon W. Schaffer II sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $113.80, for a total transaction of $2,276,000.00. Following the completion of the transaction, the insider now directly owns 65,115 shares of the company’s stock, valued at $7,410,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Hagge sold 3,634 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was 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 of the company’s stock, valued at $7,157,558.88. The disclosure for this sale can be found here. Insiders have sold 28,634 shares of company stock valued at $3,210,802 over the last ninety days. 3.00% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Ffcm LLC acquired a new position in AptarGroup during the fourth quarter valued at approximately $25,000. Pearl River Capital LLC acquired a new position in AptarGroup during the fourth quarter valued at approximately $26,000. Quantamental Technologies LLC acquired a new position in AptarGroup during the fourth quarter valued at approximately $37,000. Premia Global Advisors LLC acquired a new position in AptarGroup during the first quarter valued at approximately $46,000. Finally, Cresset Asset Management LLC acquired a new position in AptarGroup during the first quarter valued at approximately $51,000. 90.30% of the stock is owned by institutional investors.
NYSE:ATR traded down $0.33 on Thursday, reaching $113.78. The company’s stock had a trading volume of 151,774 shares, compared to its average volume of 196,062. AptarGroup has a 1-year low of $88.26 and a 1-year high of $115.52. The company has a current ratio of 2.13, a quick ratio of 1.51 and a debt-to-equity ratio of 0.82. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.53 and a beta of 0.81.
AptarGroup (NYSE:ATR) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The firm had revenue of $744.46 million during the quarter, compared to analysts’ expectations of $743.68 million. During the same period in the previous year, the firm earned $0.99 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that AptarGroup will post 4.35 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.36 per share. This is a boost from AptarGroup’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, April 30th. AptarGroup’s dividend payout ratio is currently 36.00%.
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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