AptarGroup (ATR) Rating Lowered to Sell at Zacks Investment Research

AptarGroup (NYSE:ATR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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.”

Several other research analysts also recently commented on ATR. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Friday, February 22nd. William Blair reissued an “outperform” rating on shares of AptarGroup in a report on Thursday, February 21st. UBS Group set a $106.00 price target on shares of AptarGroup and gave the company a “hold” rating in a report on Friday, January 18th. Vertical Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Finally, 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 report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $106.50.

NYSE:ATR traded up $0.21 during trading hours on Friday, hitting $103.10. The stock had a trading volume of 2,302 shares, compared to its average volume of 266,885. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.93 and a quick ratio of 1.38. AptarGroup has a one year low of $86.69 and a one year high of $112.31. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.33 and a beta of 0.80.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Wednesday, February 20th. The industrial products company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $685.03 million during the quarter, compared to the consensus estimate of $668.21 million. During the same period last year, the firm earned $0.81 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that AptarGroup will post 4.24 EPS for the current fiscal year.

In other news, Director Stephen J. Hagge sold 3,634 shares of AptarGroup stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $101.28, for a total transaction of $368,051.52. Following the sale, the director now owns 70,671 shares of the company’s stock, valued at approximately $7,157,558.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maritza Gomez Montiel sold 707 shares of AptarGroup stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $93.58, for a total transaction of $66,161.06. Following the sale, the director now directly owns 4,033 shares in the company, valued at approximately $377,408.14. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in AptarGroup by 1.1% during the third quarter. Vanguard Group Inc. now owns 6,359,071 shares of the industrial products company’s stock worth $685,126,000 after acquiring an additional 67,838 shares in the last quarter. Vanguard Group Inc boosted its stake in AptarGroup by 1.1% during the third quarter. Vanguard Group Inc now owns 6,359,071 shares of the industrial products company’s stock worth $685,126,000 after acquiring an additional 67,838 shares in the last quarter. BlackRock Inc. boosted its stake in AptarGroup by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock worth $520,170,000 after acquiring an additional 174,573 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in AptarGroup by 6.7% during the third quarter. JPMorgan Chase & Co. now owns 2,763,570 shares of the industrial products company’s stock worth $297,747,000 after acquiring an additional 174,391 shares in the last quarter. Finally, FMR LLC boosted its stake in AptarGroup by 92.3% during the fourth quarter. FMR LLC now owns 2,001,521 shares of the industrial products company’s stock worth $188,283,000 after acquiring an additional 960,567 shares in the last quarter. 90.92% of the stock is currently owned by hedge funds and other institutional investors.

About AptarGroup

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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