Stock analysts at Jefferies Group started coverage on shares of AptarGroup Inc. (NYSE:ATR) in a research note issued on Thursday. The firm set a “hold” rating on the stock.
Several other equities research analysts have also recently weighed in on the stock. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a research report on Friday, September 9th. Robert W. Baird boosted their price target on shares of AptarGroup from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.00.
AptarGroup (NYSE:ATR) opened at 75.66 on Thursday. AptarGroup has a 52 week low of $66.33 and a 52 week high of $81.50. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 24.56 and a beta of 0.87. The company has a 50 day moving average of $77.82 and a 200 day moving average of $77.72.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The company had revenue of $620 million for the quarter, compared to analysts’ expectations of $621.52 million. During the same quarter in the previous year, the business posted $0.82 earnings per share. AptarGroup’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts forecast that AptarGroup will post $3.18 EPS for the current fiscal year.
In other news, Director King W. Harris sold 13,100 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $76.62, for a total transaction of $1,003,722.00. Following the completion of the sale, the director now directly owns 195,509 shares of the company’s stock, valued at $14,979,899.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Salim Haffar sold 50,333 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $78.74, for a total transaction of $3,963,220.42. Following the sale, the insider now directly owns 23,149 shares of the company’s stock, valued at $1,822,752.26. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several hedge funds have recently modified their holdings of ATR. Independent Portfolio Consultants Inc. raised its stake in shares of AptarGroup by 4.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,115 shares of the company’s stock worth $164,000 after buying an additional 95 shares in the last quarter. Williams Jones & Associates LLC bought a new stake in shares of AptarGroup during the second quarter worth about $38,768,000. Nomura Holdings Inc. raised its stake in shares of AptarGroup by 78.9% in the second quarter. Nomura Holdings Inc. now owns 7,514 shares of the company’s stock worth $594,000 after buying an additional 3,314 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of AptarGroup by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,903 shares of the company’s stock worth $863,000 after buying an additional 61 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new stake in shares of AptarGroup during the second quarter worth about $2,279,000. 88.33% of the stock is owned by hedge funds and other institutional investors.
AptarGroup Company Profile