Several other equities research analysts have also commented 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 lifted their price target on AptarGroup from $80.00 to $84.00 and gave the stock a neutral rating in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $77.75.
AptarGroup (NYSE:ATR) opened at 76.39 on Thursday. AptarGroup has a 52 week low of $66.33 and a 52 week high of $81.50. The firm’s 50-day moving average is $77.57 and its 200 day moving average is $77.64. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 24.80 and a beta of 0.87.
AptarGroup (NYSE:ATR) last issued its earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $620 million for the quarter, compared to analyst estimates of $621.52 million. AptarGroup had a net margin of 8.54% and a return on equity of 16.67%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, equities research analysts expect that AptarGroup will post $3.18 EPS for the current year.
In other news, insider Salim Haffar sold 50,333 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $78.74, for a total value of $3,963,220.42. Following the completion of the transaction, the insider now owns 23,149 shares of the company’s stock, valued at $1,822,752.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director King W. Harris sold 13,100 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $76.62, for a total value of $1,003,722.00. Following the completion of the transaction, the director now directly owns 195,509 shares of the company’s stock, valued at approximately $14,979,899.58. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATR. C M Bidwell & Associates Ltd. boosted its position in AptarGroup by 16.9% in the first quarter. C M Bidwell & Associates Ltd. now owns 1,555 shares of the company’s stock valued at $122,000 after buying an additional 225 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in AptarGroup by 8.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,020 shares of the company’s stock valued at $160,000 after buying an additional 160 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in AptarGroup by 70.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,192 shares of the company’s stock valued at $173,000 after buying an additional 907 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in AptarGroup during the second quarter valued at about $174,000. Finally, Parametrica Management Ltd acquired a new position in AptarGroup during the third quarter valued at about $202,000. 88.28% of the stock is owned by institutional investors.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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