AptarGroup, Inc. (NYSE:ATR) had its target price dropped by Jefferies Group LLC to $77.00 in a research report issued on Sunday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 2.95% from the stock’s current price.
ATR has been the subject of a number of other reports. Vertical Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Bank of America Corporation cut shares of AptarGroup from a “buy” rating to an “underperform” rating in a report on Wednesday, December 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Wednesday, December 28th. Finally, Vertical Group raised shares of AptarGroup from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. AptarGroup currently has a consensus rating of “Hold” and an average target price of $80.50.
Shares of AptarGroup (NYSE:ATR) opened at 74.79 on Friday. AptarGroup has a 52-week low of $70.32 and a 52-week high of $81.50. The stock has a market capitalization of $4.68 billion, a P/E ratio of 23.59 and a beta of 0.97. The firm has a 50-day moving average price of $73.37 and a 200-day moving average price of $75.35.
AptarGroup (NYSE:ATR) last posted its earnings results on Thursday, February 9th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The company earned $539 million during the quarter, compared to the consensus estimate of $560.12 million. AptarGroup had a net margin of 8.82% and a return on equity of 16.27%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, analysts predict that AptarGroup will post $3.30 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 1st will be issued a $0.32 dividend. The ex-dividend date is Monday, January 30th. This represents a $1.28 dividend on an annualized basis and a yield of 1.71%. AptarGroup’s payout ratio is 40.38%.
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In other AptarGroup news, insider Stephen J. Hagge sold 30,000 shares of AptarGroup stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $75.41, for a total value of $2,262,300.00. Following the completion of the transaction, the insider now owns 101,159 shares of the company’s stock, valued at $7,628,400.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in AptarGroup during the third quarter worth $117,000. Investment Counselors of Maryland LLC increased its position in AptarGroup by 6.6% in the third quarter. Investment Counselors of Maryland LLC now owns 1,952 shares of the company’s stock worth $151,000 after buying an additional 120 shares during the period. Cornerstone Advisors Inc. purchased a new position in AptarGroup during the third quarter worth $155,000. Independent Portfolio Consultants Inc. increased its position in AptarGroup by 4.7% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,115 shares of the company’s stock worth $164,000 after buying an additional 95 shares during the period. Finally, Parametrica Management Ltd purchased a new position in AptarGroup during the third quarter worth $202,000. 89.61% of the stock is owned by institutional investors and hedge funds.
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, home care, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located in North America, Europe, Asia and South America.
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