AptarGroup, Inc. (ATR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of AptarGroup, Inc. (NYSE:ATR) have earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $77.50.

A number of analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $79.00 price objective on shares of AptarGroup in a research note on Sunday, July 2nd. KeyCorp reaffirmed a “hold” rating on shares of AptarGroup in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $77.00 price objective on shares of AptarGroup in a research note on Thursday, June 8th. Zacks Investment Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. Finally, Vertical Research lowered shares of AptarGroup from a “hold” rating to a “sell” rating in a research report on Monday, May 1st.

AptarGroup (NYSE:ATR) opened at 88.09 on Monday. The company’s 50 day moving average is $85.04 and its 200 day moving average is $77.98. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 26.61 and a beta of 0.98. AptarGroup has a 12-month low of $70.32 and a 12-month high of $88.55.

AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $601.30 million for the quarter, compared to analysts’ expectations of $591.69 million. AptarGroup had a net margin of 9.09% and a return on equity of 16.58%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Analysts forecast that AptarGroup will post $3.43 earnings per share for the current fiscal year.

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In related news, Director Stephen J. Hagge sold 27,500 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $79.78, for a total transaction of $2,193,950.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director King W. Harris sold 14,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $85.43, for a total value of $1,196,020.00. Following the transaction, the director now directly owns 189,974 shares in the company, valued at approximately $16,229,478.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,726 shares of company stock worth $20,588,098. Insiders own 5.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ATR. Wetherby Asset Management Inc. raised its position in shares of AptarGroup by 0.3% in the first quarter. Wetherby Asset Management Inc. now owns 7,493 shares of the industrial products company’s stock worth $577,000 after buying an additional 25 shares in the last quarter. Mycio Wealth Partners LLC raised its position in shares of AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock worth $478,000 after buying an additional 26 shares in the last quarter. Opus Capital Group LLC raised its position in shares of AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock worth $391,000 after buying an additional 30 shares in the last quarter. Toronto Dominion Bank raised its position in shares of AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock worth $274,000 after buying an additional 31 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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