AptarGroup, Inc. (ATR) Receives “Hold” Rating from KeyCorp

KeyCorp restated their hold rating on shares of AptarGroup, Inc. (NYSE:ATR) in a research note published on Friday morning.

ATR has been the topic of a number of other reports. Deutsche Bank AG reissued a buy rating and issued a $90.00 price target (up from $87.00) on shares of AptarGroup in a research report on Tuesday, July 18th. BMO Capital Markets reissued a hold rating and issued a $92.00 price target on shares of AptarGroup in a research report on Thursday, July 20th. BidaskClub cut AptarGroup from a buy rating to a hold rating in a research report on Thursday, August 10th. Zacks Investment Research raised AptarGroup from a sell rating to a hold rating in a research report on Tuesday, August 29th. Finally, Vertical Research raised AptarGroup from a sell rating to a hold rating and boosted their price target for the stock from $70.00 to $77.00 in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $81.40.

Shares of AptarGroup (NYSE ATR) traded down 0.50% during mid-day trading on Friday, hitting $85.72. The stock had a trading volume of 189,488 shares. AptarGroup has a 52-week low of $70.32 and a 52-week high of $90.79. The firm has a market cap of $5.38 billion, a PE ratio of 25.21 and a beta of 0.96. The stock’s 50-day moving average price is $83.04 and its 200-day moving average price is $82.51.

AptarGroup (NYSE:ATR) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. AptarGroup had a return on equity of 16.91% and a net margin of 9.36%. The firm had revenue of $617.75 million for the quarter, compared to analysts’ expectations of $624.74 million. During the same period in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts anticipate that AptarGroup will post $3.34 earnings per share for the current fiscal year.

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In related news, insider Gael Touya sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.25, for a total value of $2,843,750.00. Following the transaction, the insider now directly owns 33,092 shares of the company’s stock, valued at approximately $2,688,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Monnas Giovanna Kampouri sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $82.13, for a total value of $164,260.00. Following the completion of the transaction, the director now directly owns 6,469 shares in the company, valued at $531,298.97. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in AptarGroup by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,933,069 shares of the industrial products company’s stock valued at $515,346,000 after acquiring an additional 64,412 shares in the last quarter. BlackRock Inc. lifted its position in AptarGroup by 5,710.7% in the 1st quarter. BlackRock Inc. now owns 5,086,882 shares of the industrial products company’s stock valued at $391,639,000 after acquiring an additional 4,999,339 shares in the last quarter. State Street Corp lifted its position in AptarGroup by 12.5% in the 1st quarter. State Street Corp now owns 3,400,146 shares of the industrial products company’s stock valued at $261,776,000 after acquiring an additional 377,227 shares in the last quarter. JPMorgan Chase & Co. lifted its position in AptarGroup by 0.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,707,778 shares of the industrial products company’s stock valued at $235,197,000 after acquiring an additional 23,666 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in AptarGroup by 6.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,107,802 shares of the industrial products company’s stock valued at $183,083,000 after acquiring an additional 125,222 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

About AptarGroup

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.

Analyst Recommendations for AptarGroup (NYSE:ATR)

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