AptarGroup, Inc. (NYSE:ATR) Director King W. Harris sold 68,985 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $89.99, for a total transaction of $6,207,960.15. Following the sale, the director now directly owns 193,474 shares in the company, valued at $17,410,725.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of AptarGroup, Inc. (NYSE ATR) opened at $90.87 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.16 and a quick ratio of 2.53. AptarGroup, Inc. has a 12-month low of $75.35 and a 12-month high of $92.32. The stock has a market cap of $5,644.12, a P/E ratio of 26.57, a P/E/G ratio of 2.83 and a beta of 0.82.
AptarGroup (NYSE:ATR) last released its earnings results on Monday, February 12th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The business had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $577.17 million. During the same period last year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. analysts anticipate that AptarGroup, Inc. will post 3.78 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in AptarGroup by 2.0% in the fourth quarter. BlackRock Inc. now owns 5,171,904 shares of the industrial products company’s stock valued at $446,231,000 after buying an additional 101,984 shares during the period. Champlain Investment Partners LLC raised its holdings in AptarGroup by 8.1% in the fourth quarter. Champlain Investment Partners LLC now owns 1,727,600 shares of the industrial products company’s stock valued at $149,057,000 after buying an additional 129,205 shares during the period. BTIM Corp. raised its holdings in AptarGroup by 4.0% in the fourth quarter. BTIM Corp. now owns 986,274 shares of the industrial products company’s stock valued at $85,096,000 after buying an additional 38,201 shares during the period. Bank of New York Mellon Corp raised its holdings in AptarGroup by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 790,477 shares of the industrial products company’s stock valued at $68,225,000 after buying an additional 8,515 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in AptarGroup by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 723,746 shares of the industrial products company’s stock valued at $62,444,000 after buying an additional 29,580 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on ATR shares. Zacks Investment Research raised shares of AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Wednesday, January 31st. Wells Fargo & Co reissued a “market perform” rating and issued a $90.00 target price (up from $83.00) on shares of AptarGroup in a research report on Wednesday, February 14th. Finally, Robert W. Baird reissued a “hold” rating and issued a $92.00 target price on shares of AptarGroup in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $85.38.
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AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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