AptarGroup, Inc. (NYSE:ATR) Given Consensus Recommendation of "Buy" by Analysts

Key Points

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Shares of AptarGroup, Inc. (NYSE:ATR - Get Free Report) have earned an average rating of "Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $174.60.

ATR has been the topic of a number of research reports. Wells Fargo & Company restated an "overweight" rating and set a $153.00 price target (down previously from $173.00) on shares of AptarGroup in a research report on Monday, August 4th. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $172.00 price objective (down previously from $182.00) on shares of AptarGroup in a report on Monday, August 4th.

AptarGroup Trading Down 0.5%

NYSE ATR opened at $138.04 on Tuesday. The stock's 50-day simple moving average is $152.27 and its two-hundred day simple moving average is $150.13. AptarGroup has a twelve month low of $130.85 and a twelve month high of $178.03. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.87 and a beta of 0.57.

AptarGroup (NYSE:ATR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. AptarGroup had a return on equity of 15.39% and a net margin of 10.84%. The business had revenue of $966.01 million for the quarter, compared to the consensus estimate of $954.06 million. During the same quarter last year, the business posted $1.41 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts forecast that AptarGroup will post 5.57 EPS for the current fiscal year.

AptarGroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, July 24th were issued a $0.45 dividend. The ex-dividend date was Thursday, July 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. AptarGroup's payout ratio is currently 30.98%.

Insider Transactions at AptarGroup

In related news, EVP Kimberly Chainey sold 1,671 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $152.79, for a total value of $255,312.09. Following the sale, the executive vice president directly owned 11,088 shares of the company's stock, valued at $1,694,135.52. This trade represents a 13.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gael Touya sold 3,300 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $152.62, for a total value of $503,646.00. Following the completion of the sale, the insider directly owned 33,963 shares in the company, valued at $5,183,433.06. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,971 shares of company stock worth $1,854,388. Company insiders own 0.68% of the company's stock.

Institutional Trading of AptarGroup

Large investors have recently modified their holdings of the business. SVB Wealth LLC bought a new stake in shares of AptarGroup in the first quarter worth about $33,000. Simplex Trading LLC grew its stake in shares of AptarGroup by 107.4% in the first quarter. Simplex Trading LLC now owns 224 shares of the industrial products company's stock worth $33,000 after purchasing an additional 116 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of AptarGroup by 155.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 278 shares of the industrial products company's stock worth $41,000 after purchasing an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of AptarGroup by 281.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the industrial products company's stock worth $47,000 after purchasing an additional 234 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in AptarGroup by 164.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 331 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 206 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

About AptarGroup

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.

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