AptarGroup (NYSE:ATR) Receives “Outperform” Rating from Raymond James

AptarGroup (NYSE:ATR)‘s stock had its “outperform” rating restated by analysts at Raymond James in a report released on Monday,Benzinga reports. They currently have a $190.00 price target on the industrial products company’s stock, down from their previous price target of $200.00. Raymond James’ target price would indicate a potential upside of 32.95% from the stock’s previous close.

ATR has been the topic of a number of other research reports. Robert W. Baird decreased their price target on shares of AptarGroup from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday. Dbs Bank raised AptarGroup from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised AptarGroup from a “hold” rating to a “buy” rating and lifted their price objective for the company from $155.00 to $215.00 in a research note on Monday, October 14th. Bank of America downgraded AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price target for the company. in a report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target on AptarGroup from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Monday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AptarGroup has a consensus rating of “Buy” and an average price target of $181.60.

AptarGroup Price Performance

NYSE:ATR traded down $0.27 during trading hours on Monday, hitting $142.92. The company’s stock had a trading volume of 182,572 shares, compared to its average volume of 338,058. The business’s 50-day moving average is $159.87 and its two-hundred day moving average is $158.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.62. The company has a market capitalization of $9.51 billion, a PE ratio of 25.76, a PEG ratio of 2.57 and a beta of 0.59. AptarGroup has a 52-week low of $134.57 and a 52-week high of $178.03.

AptarGroup (NYSE:ATR) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.24. AptarGroup had a net margin of 10.45% and a return on equity of 15.62%. As a group, research analysts anticipate that AptarGroup will post 5.95 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kimberly Chainey sold 964 shares of AptarGroup stock in a transaction on Friday, November 15th. The stock was sold at an average price of $168.83, for a total transaction of $162,752.12. Following the transaction, the executive vice president now directly owns 7,848 shares in the company, valued at approximately $1,324,977.84. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AptarGroup

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AptarGroup by 58.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,157 shares of the industrial products company’s stock worth $2,268,000 after acquiring an additional 5,248 shares in the last quarter. Natixis Advisors LLC increased its stake in AptarGroup by 43.8% in the 3rd quarter. Natixis Advisors LLC now owns 113,503 shares of the industrial products company’s stock worth $18,182,000 after purchasing an additional 34,573 shares in the last quarter. Geode Capital Management LLC raised its holdings in AptarGroup by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,515,288 shares of the industrial products company’s stock worth $245,444,000 after buying an additional 83,452 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of AptarGroup by 43.9% in the third quarter. Eagle Asset Management Inc. now owns 40,202 shares of the industrial products company’s stock worth $7,066,000 after buying an additional 12,271 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of AptarGroup by 29.4% in the third quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock worth $337,502,000 after acquiring an additional 479,193 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

About AptarGroup

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.