Analysts at Jefferies Group assumed coverage on shares of AptarGroup Inc. (NYSE:ATR) in a research report issued on Thursday. The firm set a “hold” rating and a $83.00 price target on the stock. Jefferies Group’s price target suggests a potential upside of 9.17% from the stock’s current price.
A number of other equities analysts have also recently commented on ATR. Robert W. Baird raised their target price on AptarGroup from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Friday, September 9th. BMO Capital Markets restated a “hold” rating on shares of AptarGroup in a report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. AptarGroup currently has an average rating of “Hold” and an average price target of $77.75.
AptarGroup (NYSE:ATR) opened at 76.03 on Thursday. AptarGroup has a 12-month low of $66.33 and a 12-month high of $81.50. The stock’s 50 day moving average is $77.70 and its 200 day moving average is $77.69. The firm has a market cap of $4.78 billion, a P/E ratio of 24.69 and a beta of 0.87.
AptarGroup (NYSE:ATR) last announced its earnings results on Thursday, July 28th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. AptarGroup had a return on equity of 16.67% and a net margin of 8.54%. The company earned $620 million during the quarter, compared to analysts’ expectations of $621.52 million. During the same period last year, the business posted $0.82 EPS. AptarGroup’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts expect that AptarGroup will post $3.18 EPS for the current year.
In other news, Director King W. Harris sold 13,100 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $76.62, for a total transaction of $1,003,722.00. Following the sale, the director now owns 195,509 shares of the company’s stock, valued at approximately $14,979,899.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Kuhn sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $78.59, for a total value of $235,770.00. Following the sale, the chief financial officer now directly owns 15,050 shares in the company, valued at approximately $1,182,779.50. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of AptarGroup by 6.4% in the first quarter. Royal Bank of Canada now owns 169,158 shares of the company’s stock valued at $13,263,000 after buying an additional 10,226 shares during the period. Arizona State Retirement System raised its position in AptarGroup by 3.8% in the first quarter. Arizona State Retirement System now owns 32,504 shares of the company’s stock valued at $2,549,000 after buying an additional 1,200 shares during the period. Magnetar Financial LLC purchased a new position in AptarGroup during the first quarter valued at approximately $232,000. Metropolitan Life Insurance Co. NY raised its position in AptarGroup by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 57,478 shares of the company’s stock valued at $4,507,000 after buying an additional 1,948 shares during the period. Finally, Springbok Capital Management LLC purchased a new position in AptarGroup during the first quarter valued at approximately $243,000. 88.28% of the stock is currently owned by institutional investors and hedge funds.
AptarGroup Company Profile
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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