AptarGroup (NYSE:ATR) Downgraded by ValuEngine to “Hold”

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ValuEngine cut shares of AptarGroup (NYSE:ATR) from a buy rating to a hold rating in a research report sent to investors on Monday, ValuEngine reports.

A number of other equities research analysts have also commented on ATR. Morgan Stanley began coverage on AptarGroup in a research report on Monday, July 8th. They issued an overweight rating and a $144.00 price target for the company. KeyCorp reissued a hold rating on shares of AptarGroup in a research report on Thursday, August 1st. UBS Group increased their price target on AptarGroup from $115.00 to $122.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered AptarGroup from a hold rating to a sell rating and set a $126.00 price target for the company. in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $121.83.

Shares of ATR opened at $118.30 on Monday. AptarGroup has a 12-month low of $88.26 and a 12-month high of $126.19. The business’s fifty day moving average is $120.10 and its 200 day moving average is $115.37. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.76. The stock has a market cap of $7.58 billion, a P/E ratio of 29.58, a P/E/G ratio of 2.74 and a beta of 0.74.

AptarGroup (NYSE:ATR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. AptarGroup had a return on equity of 18.51% and a net margin of 7.63%. The company had revenue of $742.66 million for the quarter, compared to analysts’ expectations of $752.11 million. During the same period last year, the business earned $1.09 EPS. AptarGroup’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that AptarGroup will post 4.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, July 31st were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, July 30th. AptarGroup’s payout ratio is currently 36.00%.

In related news, insider Marc Prieur sold 2,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total value of $242,540.00. Following the completion of the sale, the insider now directly owns 5,760 shares of the company’s stock, valued at approximately $698,515.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in ATR. Geode Capital Management LLC increased its position in shares of AptarGroup by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 617,453 shares of the industrial products company’s stock valued at $58,083,000 after purchasing an additional 36,722 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of AptarGroup by 64.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,893 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 739 shares during the last quarter. Bank of Montreal Can increased its position in shares of AptarGroup by 7.3% during the 1st quarter. Bank of Montreal Can now owns 12,482 shares of the industrial products company’s stock valued at $1,327,000 after purchasing an additional 853 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of AptarGroup by 15.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,522 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 337 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of AptarGroup by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 15,437 shares of the industrial products company’s stock valued at $1,642,000 after purchasing an additional 1,873 shares during the last quarter. 89.20% of the stock is owned by hedge funds and other institutional investors.

About AptarGroup

AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.

Further Reading: Quick Ratio

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Analyst Recommendations for AptarGroup (NYSE:ATR)

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