Morgan Stanley assumed coverage on shares of AptarGroup (NYSE:ATR) in a research report sent to investors on Monday morning, Benzinga reports. The brokerage issued an overweight rating and a $144.00 price objective on the industrial products company’s stock.
ATR has been the topic of several other research reports. Zacks Investment Research lowered HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. Deutsche Bank lowered Cogent Communications from a buy rating to a hold rating in a research report on Thursday, May 2nd. Finally, Bank of America reaffirmed a neutral rating and set a $105.00 price target (up previously from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $111.78.
Shares of NYSE ATR traded up $0.44 during midday trading on Monday, hitting $124.02. 226,439 shares of the company’s stock were exchanged, compared to its average volume of 245,802. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.51 and a current ratio of 2.13. AptarGroup has a twelve month low of $88.26 and a twelve month high of $126.19. The company has a market cap of $7.87 billion, a P/E ratio of 30.91, a PEG ratio of 2.77 and a beta of 0.79. The firm has a fifty day simple moving average of $119.44.
AptarGroup (NYSE:ATR) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.09. AptarGroup had a return on equity of 18.90% and a net margin of 7.07%. The business had revenue of $744.46 million for the quarter, compared to analyst estimates of $743.68 million. During the same quarter last year, the company earned $0.99 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts anticipate that AptarGroup will post 4.35 EPS for the current fiscal year.
In other AptarGroup news, insider Marc Prieur sold 2,000 shares of AptarGroup stock in a transaction that occurred 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 transaction, the insider now directly owns 5,760 shares in the company, valued at approximately $698,515.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Kuhn sold 5,000 shares of AptarGroup stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $113.35, for a total value of $566,750.00. Following the completion of the transaction, the chief financial officer now owns 62,871 shares in the company, valued at $7,126,427.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,000 shares of company stock worth $4,284,590. 3.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Paloma Partners Management Co purchased a new position in shares of AptarGroup in the 4th quarter valued at approximately $498,000. Brown Advisory Inc. purchased a new position in shares of AptarGroup in the 4th quarter valued at approximately $588,000. Champlain Investment Partners LLC grew its stake in shares of AptarGroup by 4.6% in the 1st quarter. Champlain Investment Partners LLC now owns 1,649,865 shares of the industrial products company’s stock valued at $175,529,000 after purchasing an additional 72,650 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of AptarGroup by 25.8% in the 1st quarter. State of Wisconsin Investment Board now owns 120,993 shares of the industrial products company’s stock valued at $12,872,000 after purchasing an additional 24,780 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of AptarGroup by 64.1% in the 4th quarter. Millennium Management LLC now owns 165,194 shares of the industrial products company’s stock valued at $15,540,000 after purchasing an additional 64,550 shares during the last quarter. Institutional investors own 89.94% 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.
Featured Story: Conference Calls and Individual Investors
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.