AptarGroup Inc. (NYSE:ATR) – Jefferies Group issued their Q3 2016 EPS estimates for shares of AptarGroup in a report released on Thursday. Jefferies Group analyst P. Ng expects that the firm will post earnings of $0.82 per share for the quarter. Jefferies Group has a “Hold” rating and a $83.00 price objective on the stock. Jefferies Group also issued estimates for AptarGroup’s Q4 2016 earnings at $0.72 EPS, FY2016 earnings at $3.15 EPS, Q1 2017 earnings at $0.80 EPS, Q2 2017 earnings at $0.97 EPS, Q3 2017 earnings at $0.94 EPS, Q4 2017 earnings at $0.79 EPS, FY2017 earnings at $3.51 EPS and FY2018 earnings at $3.94 EPS.
ATR has been the subject of several other reports. Robert W. Baird upped their target price on shares of AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. BMO Capital Markets reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, September 9th. One equities 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 stock. The stock has an average rating of “Hold” and an average price target of $77.75.
Shares of AptarGroup (NYSE:ATR) opened at 76.03 on Monday. AptarGroup has a 52-week low of $66.33 and a 52-week high of $81.50. The company has a market capitalization of $4.78 billion, a P/E ratio of 24.69 and a beta of 0.87. The firm’s 50 day moving average is $77.70 and its 200-day moving average is $77.69.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm earned $620 million during 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%. AptarGroup’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS.
Several large investors have recently bought and sold shares of ATR. C M Bidwell & Associates Ltd. raised its stake 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. raised its stake 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 raised its stake 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. purchased a new stake in AptarGroup during the second quarter valued at $174,000. Finally, Parametrica Management Ltd purchased a new stake in AptarGroup during the third quarter valued at $202,000. 88.28% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Salim Haffar sold 50,333 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $78.74, for a total value of $3,963,220.42. Following the sale, the insider now owns 23,149 shares of the company’s stock, valued at approximately $1,822,752.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Kuhn sold 3,000 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $78.59, for a total transaction of $235,770.00. Following the completion of the sale, the chief financial officer now directly owns 15,050 shares in the company, valued at approximately $1,182,779.50. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.
AptarGroup Company Profile
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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