AptarGroup, Inc. (NYSE:ATR) Short Interest Update

AptarGroup, Inc. (NYSE:ATRGet Rating) was the target of a significant increase in short interest in December. As of December 30th, there was short interest totalling 848,000 shares, an increase of 10.5% from the December 15th total of 767,300 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 233,600 shares, the days-to-cover ratio is presently 3.6 days.

AptarGroup Trading Up 0.1 %

NYSE:ATR opened at $113.36 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.56 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $109.02 and its two-hundred day moving average is $104.49. AptarGroup has a 52 week low of $90.23 and a 52 week high of $122.94. The company has a market cap of $7.40 billion, a PE ratio of 32.02, a P/E/G ratio of 4.34 and a beta of 0.62.

AptarGroup (NYSE:ATRGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $836.90 million during the quarter, compared to analyst estimates of $838.49 million. AptarGroup had a return on equity of 13.02% and a net margin of 7.12%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, analysts predict that AptarGroup will post 3.65 EPS for the current year.

AptarGroup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 23rd. Investors of record on Thursday, February 2nd will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, February 1st. This represents a $1.52 annualized dividend and a yield of 1.34%. AptarGroup’s payout ratio is 42.94%.

Insider Activity

In related news, Director Matthew L. Trerotola bought 3,170 shares of the stock in a transaction dated Thursday, November 3rd. The stock was acquired at an average price of $94.48 per share, for a total transaction of $299,501.60. Following the completion of the purchase, the director now owns 4,378 shares in the company, valued at $413,633.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On AptarGroup

Several large investors have recently bought and sold shares of ATR. Victory Capital Management Inc. boosted its position in AptarGroup by 24.7% in the third quarter. Victory Capital Management Inc. now owns 2,883,322 shares of the industrial products company’s stock valued at $274,002,000 after buying an additional 571,194 shares in the last quarter. Fiduciary Management Inc. WI bought a new stake in AptarGroup in the third quarter valued at about $47,637,000. Nuance Investments LLC lifted its stake in AptarGroup by 71.5% in the second quarter. Nuance Investments LLC now owns 661,496 shares of the industrial products company’s stock valued at $68,273,000 after buying an additional 275,680 shares during the period. Eaton Vance Management boosted its holdings in AptarGroup by 111.3% during the third quarter. Eaton Vance Management now owns 488,530 shares of the industrial products company’s stock worth $46,425,000 after buying an additional 257,286 shares during the last quarter. Finally, State Street Corp grew its position in shares of AptarGroup by 8.9% during the 1st quarter. State Street Corp now owns 2,893,157 shares of the industrial products company’s stock worth $339,946,000 after buying an additional 237,377 shares during the period. 89.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on ATR. BMO Capital Markets began coverage on AptarGroup in a research note on Monday, October 31st. They set a “buy” rating and a $135.00 price objective for the company. Morgan Stanley lowered their price objective on AptarGroup from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 18th. TheStreet upgraded AptarGroup from a “c+” rating to a “b-” rating in a research note on Tuesday, January 17th. Bank of America lowered their price objective on AptarGroup from $123.00 to $112.00 in a research note on Thursday, October 13th. Finally, StockNews.com lowered AptarGroup from a “buy” rating to a “hold” rating in a research note on Sunday, January 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, AptarGroup has an average rating of “Hold” and a consensus target price of $118.83.

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.

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