StockNews.com lowered shares of AptarGroup (NYSE:ATR – Get Rating) from a buy rating to a hold rating in a report published on Friday.
ATR has been the topic of several other research reports. TheStreet downgraded shares of AptarGroup from a b- rating to a c+ rating in a report on Thursday, June 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of AptarGroup from $145.00 to $125.00 in a report on Tuesday, July 19th. Morgan Stanley lowered their target price on shares of AptarGroup from $126.00 to $120.00 and set an equal weight rating on the stock in a report on Tuesday, August 2nd. Robert W. Baird lowered their target price on shares of AptarGroup to $110.00 in a report on Tuesday, August 9th. Finally, Wells Fargo & Company lowered their target price on shares of AptarGroup from $150.00 to $125.00 and set an overweight rating on the stock in a report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $120.00.
Get AptarGroup alerts:AptarGroup Trading Down 1.8 %
Shares of AptarGroup stock opened at $95.03 on Friday. AptarGroup has a 1 year low of $94.03 and a 1 year high of $135.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.90. The company has a market capitalization of $6.21 billion, a P/E ratio of 27.71, a PEG ratio of 3.65 and a beta of 0.63. The company's fifty day moving average is $104.96 and its two-hundred day moving average is $107.65.
AptarGroup (NYSE:ATR – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. AptarGroup had a net margin of 6.94% and a return on equity of 12.87%. The company had revenue of $844.54 million for the quarter, compared to the consensus estimate of $827.18 million. During the same period last year, the firm posted $0.91 EPS. AptarGroup's revenue for the quarter was up 4.1% on a year-over-year basis. Analysts forecast that AptarGroup will post 3.85 earnings per share for the current year.AptarGroup Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Investors of record on Wednesday, July 27th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, July 26th. AptarGroup's dividend payout ratio (DPR) is 44.31%.
Insider Activity at AptarGroup
In other AptarGroup news, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $112.08, for a total transaction of $560,400.00. Following the completion of the transaction, the insider now owns 10,396 shares in the company, valued at $1,165,183.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other AptarGroup news, insider Hedi Tlili sold 5,000 shares of AptarGroup stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $112.08, for a total transaction of $560,400.00. Following the completion of the transaction, the insider now owns 10,396 shares in the company, valued at $1,165,183.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert Kuhn sold 50,000 shares of AptarGroup stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $110.63, for a total transaction of $5,531,500.00. Following the transaction, the chief financial officer now owns 68,604 shares of the company's stock, valued at approximately $7,589,660.52. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.
Hedge Funds Weigh In On AptarGroup
A number of institutional investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of AptarGroup in the second quarter valued at approximately $429,000. Captrust Financial Advisors grew its holdings in AptarGroup by 12.9% in the second quarter. Captrust Financial Advisors now owns 3,497 shares of the industrial products company's stock valued at $361,000 after purchasing an additional 399 shares during the period. Eagle Bay Advisors LLC grew its holdings in AptarGroup by 141.7% in the second quarter. Eagle Bay Advisors LLC now owns 776 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 455 shares during the period. Centiva Capital LP grew its holdings in AptarGroup by 4.5% in the second quarter. Centiva Capital LP now owns 3,543 shares of the industrial products company's stock valued at $366,000 after purchasing an additional 154 shares during the period. Finally, First Republic Investment Management Inc. grew its holdings in AptarGroup by 1.2% in the second quarter. First Republic Investment Management Inc. now owns 10,383 shares of the industrial products company's stock valued at $1,072,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 89.08% of the company's stock.
AptarGroup Company Profile
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AptarGroup, Inc provides a range of dispensing, sealing, and material science 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: Pharma, Beauty + Home, and Food + Beverage.
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