AptarGroup (ATR) Now Covered by Analysts at Jefferies Group


Jefferies Group began coverage on shares of AptarGroup (NYSE:ATR) in a research report sent to investors on Friday, Marketbeat reports. The brokerage issued a hold rating and a $99.00 price objective on the industrial products company’s stock. Jefferies Group also issued estimates for AptarGroup’s FY2019 earnings at $4.25 EPS, FY2020 earnings at $4.90 EPS and FY2021 earnings at $5.55 EPS.


A number of other research analysts also recently issued reports on ATR. Zacks Investment Research upgraded AptarGroup from a hold rating to a buy rating and set a $98.00 price target on the stock in a report on Wednesday, January 31st. KeyCorp reiterated a hold rating on shares of AptarGroup in a report on Friday, April 27th. Robert W. Baird reiterated a hold rating and issued a $92.00 price target on shares of AptarGroup in a report on Wednesday, February 14th. ValuEngine upgraded AptarGroup from a hold rating to a buy rating in a report on Wednesday, April 11th. Finally, Wells Fargo reiterated a market perform rating and issued a $90.00 price target (up from $83.00) on shares of AptarGroup in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $90.57.


Get AptarGroup alerts:

AptarGroup traded up $0.27, reaching $93.56, on Friday, according to Marketbeat. 272,286 shares of the stock traded hands, compared to its average volume of 390,475. The company has a quick ratio of 2.55, a current ratio of 3.16 and a debt-to-equity ratio of 0.85. The firm has a market cap of $5.82 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.88 and a beta of 0.79. AptarGroup has a 12 month low of $79.97 and a 12 month high of $96.39.

AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. AptarGroup had a return on equity of 17.53% and a net margin of 8.85%. The business had revenue of $703.35 million for the quarter, compared to the consensus estimate of $674.84 million. During the same period last year, the business posted $0.77 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. research analysts expect that AptarGroup will post 3.81 earnings per share for the current year.


The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Investors of record on Wednesday, May 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, May 8th. This represents a $1.28 annualized dividend and a yield of 1.37%. AptarGroup’s dividend payout ratio (DPR) is 37.21%.

In related news, Director Stephen J. Hagge sold 5,612 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $88.65, for a total transaction of $497,503.80. Following the transaction, the director now directly owns 84,001 shares in the company, valued at approximately $7,446,688.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director King W. Harris sold 68,985 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $89.99, for a total value of $6,207,960.15. Following the transaction, the director now owns 193,474 shares in the company, valued at $17,410,725.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,090 shares of company stock worth $19,689,075. 5.30% of the stock is owned by company insiders.


A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in AptarGroup by 3.8% during the 1st quarter. BlackRock Inc. now owns 5,366,466 shares of the industrial products company’s stock worth $482,069,000 after buying an additional 194,562 shares during the last quarter. Atlanta Capital Management Co. L L C grew its stake in AptarGroup by 7.9% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 3,872,169 shares of the industrial products company’s stock worth $347,837,000 after buying an additional 282,170 shares during the last quarter. Victory Capital Management Inc. grew its stake in AptarGroup by 19.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,923,289 shares of the industrial products company’s stock worth $172,770,000 after buying an additional 313,441 shares during the last quarter. Champlain Investment Partners LLC grew its stake in AptarGroup by 0.7% during the 1st quarter. Champlain Investment Partners LLC now owns 1,739,675 shares of the industrial products company’s stock worth $156,275,000 after buying an additional 12,075 shares during the last quarter. Finally, BTIM Corp. grew its stake in AptarGroup by 4.0% during the 4th quarter. BTIM Corp. now owns 986,274 shares of the industrial products company’s stock worth $85,096,000 after buying an additional 38,201 shares during the last quarter. Hedge funds and other institutional investors own 91.19% of the company’s stock.


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 in three segments: Beauty + Home, Pharma, and Food + Beverage.

Analyst Recommendations for AptarGroup (NYSE:ATR)