Zacks Research Expects Stronger Earnings for AptarGroup

AptarGroup, Inc. (NYSE:ATR) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of AptarGroup in a research report issued on Thursday, November 7th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $5.37 for the year, up from their prior forecast of $5.32. The consensus estimate for AptarGroup’s current full-year earnings is $5.39 per share. Zacks Research also issued estimates for AptarGroup’s Q4 2024 earnings at $1.25 EPS, Q2 2025 earnings at $1.51 EPS, Q3 2025 earnings at $1.63 EPS, Q4 2025 earnings at $1.46 EPS, FY2025 earnings at $5.95 EPS, Q2 2026 earnings at $1.68 EPS, Q3 2026 earnings at $1.71 EPS and FY2026 earnings at $6.50 EPS.

A number of other analysts also recently commented on the company. Robert W. Baird raised their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on AptarGroup from $168.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upgraded AptarGroup from a “hold” rating to a “buy” rating and raised their price objective for the stock from $155.00 to $215.00 in a research report on Monday, October 14th. Finally, Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $195.00.

AptarGroup Stock Performance

ATR opened at $175.76 on Monday. The firm has a market capitalization of $11.70 billion, a P/E ratio of 35.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.57. The stock’s 50 day moving average price is $161.02 and its two-hundred day moving average price is $151.19. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.32. AptarGroup has a 12-month low of $122.29 and a 12-month high of $177.84.

Hedge Funds Weigh In On AptarGroup

Several institutional investors have recently bought and sold shares of the business. Moran Wealth Management LLC raised its position in AptarGroup by 1.4% in the 3rd quarter. Moran Wealth Management LLC now owns 21,263 shares of the industrial products company’s stock valued at $3,406,000 after purchasing an additional 297 shares during the last quarter. Portfolio Design Labs LLC bought a new position in AptarGroup in the 3rd quarter valued at $356,000. EULAV Asset Management raised its position in AptarGroup by 26.7% in the 3rd quarter. EULAV Asset Management now owns 229,526 shares of the industrial products company’s stock valued at $36,768,000 after purchasing an additional 48,399 shares during the last quarter. Commerce Bank raised its position in AptarGroup by 3.3% in the 3rd quarter. Commerce Bank now owns 2,349 shares of the industrial products company’s stock valued at $376,000 after purchasing an additional 75 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in AptarGroup by 7.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock valued at $185,516,000 after purchasing an additional 82,934 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stephan B. Tanda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total transaction of $5,088,000.00. Following the completion of the transaction, the chief executive officer now owns 174,118 shares in the company, valued at $29,530,412.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Monnas Giovanna Kampouri sold 1,922 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.43, for a total transaction of $277,594.46. Following the completion of the transaction, the director now owns 8,839 shares in the company, valued at $1,276,616.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephan B. Tanda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $169.60, for a total value of $5,088,000.00. Following the transaction, the chief executive officer now owns 174,118 shares of the company’s stock, valued at $29,530,412.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,657 shares of company stock worth $7,562,862 in the last 90 days. 1.00% of the stock is owned by company insiders.

AptarGroup declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

AptarGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.02%. AptarGroup’s dividend payout ratio (DPR) is presently 36.14%.

AptarGroup Company Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.