AptarGroup, Inc. (NYSE:ATR) Given Average Rating of “Hold” by Analysts

AptarGroup, Inc. (NYSE:ATRGet Rating) has received an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $137.00.

Several research firms have recently commented on ATR. Wells Fargo & Company lowered their target price on AptarGroup from $156.00 to $150.00 in a report on Monday, May 2nd. Morgan Stanley lowered their target price on AptarGroup from $150.00 to $126.00 and set an “equal weight” rating for the company in a report on Thursday, January 20th. Finally, StockNews.com began coverage on AptarGroup in a report on Thursday, March 31st. They set a “hold” rating for the company.

NYSE ATR traded up $0.12 on Friday, hitting $103.61. 822 shares of the stock traded hands, compared to its average volume of 308,800. The stock has a 50-day moving average of $114.69 and a 200 day moving average of $118.51. AptarGroup has a twelve month low of $102.26 and a twelve month high of $150.73. The company has a market capitalization of $6.79 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.71 and a beta of 0.63. The company has a current ratio of 1.91, a quick ratio of 1.37 and a debt-to-equity ratio of 0.65.

AptarGroup (NYSE:ATRGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. AptarGroup had a return on equity of 12.70% and a net margin of 6.75%. The firm had revenue of $844.93 million for the quarter, compared to analysts’ expectations of $817.02 million. During the same quarter in the prior year, the firm posted $1.09 earnings per share. AptarGroup’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts expect that AptarGroup will post 4.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 18th. Investors of record on Wednesday, April 27th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, April 26th. AptarGroup’s dividend payout ratio (DPR) is 46.20%.

In related news, Director Maritza Gomez Montiel sold 1,092 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $117.81, for a total value of $128,648.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Atticus Wealth Management LLC acquired a new stake in AptarGroup in the fourth quarter worth approximately $26,000. UMB Bank N A MO acquired a new stake in AptarGroup in the fourth quarter worth approximately $28,000. Marshall Wace LLP acquired a new stake in AptarGroup in the fourth quarter worth approximately $31,000. Lumature Wealth Partners LLC lifted its position in AptarGroup by 64.2% in the fourth quarter. Lumature Wealth Partners LLC now owns 261 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 102 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in AptarGroup in the first quarter worth approximately $42,000. 87.70% of the stock is owned by institutional investors and hedge funds.

AptarGroup Company Profile (Get Rating)

AptarGroup, Inc provides a range of dispensing, sealing, and material science 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: Pharma, Beauty + Home, and Food + Beverage.

Featured Stories

Analyst Recommendations for AptarGroup (NYSE:ATR)

Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.