AptarGroup (NYSE:ATR) Price Target Raised to $173.00

AptarGroup (NYSE:ATR - Get Free Report) had its price target lifted by Wells Fargo & Company from $170.00 to $173.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. Wells Fargo & Company's price objective would indicate a potential upside of 8.58% from the company's current price.

A number of other research analysts also recently commented on ATR. Raymond James Financial increased their price objective on shares of AptarGroup from $175.00 to $182.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded AptarGroup from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AptarGroup presently has an average rating of "Buy" and a consensus price target of $180.60.

AptarGroup Trading Up 2.5%

ATR traded up $3.88 on Friday, hitting $159.33. The company had a trading volume of 305,220 shares, compared to its average volume of 324,553. The firm has a market cap of $10.52 billion, a P/E ratio of 29.07, a PEG ratio of 3.11 and a beta of 0.57. AptarGroup has a 1 year low of $130.85 and a 1 year high of $178.03. The company's fifty day moving average price is $155.53 and its 200 day moving average price is $151.35. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.

AptarGroup (NYSE:ATR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The company had revenue of $887.31 million for the quarter, compared to the consensus estimate of $894.26 million. AptarGroup had a net margin of 10.41% and a return on equity of 15.10%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. As a group, equities analysts expect that AptarGroup will post 5.57 earnings per share for the current year.

Insider Activity at AptarGroup

In other news, insider Shiela Vinczeller sold 995 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $152.42, for a total transaction of $151,657.90. Following the completion of the transaction, the insider directly owned 26,301 shares of the company's stock, valued at approximately $4,008,798.42. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $503,646.00. Following the transaction, the insider directly owned 33,963 shares of the company's stock, 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 three months, insiders sold 45,680 shares of company stock valued at $6,983,798. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AptarGroup

Several large investors have recently made changes to their positions in ATR. Pictet Asset Management Holding SA lifted its stake in shares of AptarGroup by 13.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,513 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 1,146 shares during the period. Stifel Financial Corp grew its stake in shares of AptarGroup by 172.7% during the fourth quarter. Stifel Financial Corp now owns 11,961 shares of the industrial products company's stock worth $1,880,000 after purchasing an additional 7,575 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of AptarGroup during the fourth quarter worth $7,957,000. UMB Bank n.a. raised its stake in AptarGroup by 116.9% during the 1st quarter. UMB Bank n.a. now owns 603 shares of the industrial products company's stock worth $89,000 after buying an additional 325 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in AptarGroup by 4.0% during the 4th quarter. Teacher Retirement System of Texas now owns 58,499 shares of the industrial products company's stock worth $9,190,000 after buying an additional 2,239 shares during the period. Institutional investors own 88.52% of the company's stock.

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.