AptarGroup (NYSE:ATR) had its price objective lowered by Morgan Stanley from $144.00 to $136.00 in a report released on Monday morning, Stock Target Advisor reports. Morgan Stanley currently has an overweight rating on the industrial products company’s stock.
Several other research firms also recently weighed in on ATR. Zacks Investment Research upgraded AptarGroup from a sell rating to a hold rating and set a $123.00 target price on the stock in a research report on Monday, October 14th. ValuEngine downgraded AptarGroup from a buy rating to a hold rating in a research report on Monday, September 16th. UBS Group increased their target price on AptarGroup from $115.00 to $122.00 and gave the stock a neutral rating in a research report on Thursday, August 1st. Finally, KeyCorp reiterated a hold rating on shares of AptarGroup in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. AptarGroup has an average rating of Hold and a consensus price target of $119.29.
NYSE ATR opened at $109.49 on Monday. The business’s 50-day moving average price is $116.57 and its 200 day moving average price is $118.15. AptarGroup has a twelve month low of $88.26 and a twelve month high of $126.19. The company has a market capitalization of $6.95 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.72. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73.
AptarGroup (NYSE:ATR) last released its earnings results on Thursday, October 31st. The industrial products company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.03). AptarGroup had a return on equity of 17.85% and a net margin of 8.16%. The business had revenue of $701.28 million for the quarter, compared to analysts’ expectations of $698.93 million. During the same quarter last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that AptarGroup will post 3.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.32%. AptarGroup’s dividend payout ratio (DPR) is 36.00%.
In other news, Director Joanne C. Dr Smith sold 5,749 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $118.65, for a total value of $682,118.85. Following the transaction, the director now directly owns 20,053 shares in the company, valued at approximately $2,379,288.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC raised its holdings in shares of AptarGroup by 48.8% in the 2nd quarter. Neuburgh Advisers LLC now owns 15,840 shares of the industrial products company’s stock worth $1,970,000 after purchasing an additional 5,192 shares during the period. One Wealth Advisors LLC raised its holdings in shares of AptarGroup by 14.8% in the 2nd quarter. One Wealth Advisors LLC now owns 1,936 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 250 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of AptarGroup by 4.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 878,830 shares of the industrial products company’s stock worth $109,275,000 after purchasing an additional 37,607 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in shares of AptarGroup by 13.5% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 3,211 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 381 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of AptarGroup by 3.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,030 shares of the industrial products company’s stock worth $1,496,000 after purchasing an additional 400 shares during the period. Institutional investors own 88.70% of the company’s stock.
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.
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