StockNews.com Begins Coverage on AptarGroup (NYSE:ATR)

Research analysts at StockNews.com started coverage on shares of AptarGroup (NYSE:ATR – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the industrial products company’s stock.

A number of other analysts have also recently weighed in on ATR. Wells Fargo & Company boosted their price target on AptarGroup from $121.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 21st. Robert W. Baird increased their price target on AptarGroup from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 21st. TheStreet raised AptarGroup from a “c+” rating to a “b-” rating in a report on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on AptarGroup from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.33.

AptarGroup Price Performance

Shares of NYSE ATR opened at $111.38 on Thursday. AptarGroup has a fifty-two week low of $90.23 and a fifty-two week high of $122.30. The business has a 50 day moving average price of $113.87 and a two-hundred day moving average price of $106.64. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.51. The firm has a market cap of $7.28 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 4.17 and a beta of 0.63.

AptarGroup (NYSE:ATR – Get Rating) last released its quarterly earnings data on Friday, February 17th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. AptarGroup had a return on equity of 12.78% and a net margin of 7.20%. The business had revenue of $795.91 million during the quarter, compared to analyst estimates of $775.57 million. During the same quarter in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts expect that AptarGroup will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Robert Kuhn sold 64,560 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $114.04, for a total transaction of $7,362,422.40. Following the transaction, the chief financial officer now owns 54,044 shares in the company, valued at $6,163,177.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Robert Kuhn sold 64,560 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $114.04, for a total transaction of $7,362,422.40. Following the completion of the transaction, the chief financial officer now directly owns 54,044 shares of the company’s stock, valued at approximately $6,163,177.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maritza Gomez Montiel sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $114.67, for a total transaction of $172,005.00. Following the transaction, the director now directly owns 4,024 shares of the company’s stock, valued at $461,432.08. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On AptarGroup

Institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its stake in shares of AptarGroup by 76.3% in the third quarter. Rockefeller Capital Management L.P. now owns 328 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 142 shares during the period. Riverview Trust Co grew its holdings in shares of AptarGroup by 53.1% in the fourth quarter. Riverview Trust Co now owns 375 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 130 shares during the last quarter. CWM LLC grew its holdings in AptarGroup by 58.3% during the 3rd quarter. CWM LLC now owns 551 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 203 shares in the last quarter. Ellevest Inc. raised its position in shares of AptarGroup by 107.5% in the 3rd quarter. Ellevest Inc. now owns 606 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the last quarter. Finally, Financial Advocates Investment Management purchased a new position in AptarGroup during the 3rd quarter worth approximately $58,000. Institutional investors own 89.37% of the company’s stock.

AptarGroup Company Profile

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AptarGroup, Inc engages in the design, manufacture, drug delivery, consumer product dispensing, sealing and active packaging solutions and services for the prescription drug, consumer health care, injectables, active packaging, beauty, personal care, home care, and food and beverages. It operates through the following business segments: Beauty & Home, Pharma and Food & Beverage.