AptarGroup (NYSE:ATR) Sets New 52-Week High on Analyst Upgrade


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AptarGroup, Inc. (NYSE:ATR)’s stock price hit a new 52-week high during trading on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $152.00 to $162.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. AptarGroup traded as high as $149.69 and last traded at $149.56, with a volume of 4314 shares changing hands. The stock had previously closed at $148.08.

ATR has been the topic of several other reports. Robert W. Baird lowered AptarGroup from an “outperform” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Wednesday, April 14th. Wells Fargo & Company lifted their price objective on AptarGroup from $135.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Finally, Morgan Stanley increased their target price on AptarGroup from $122.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $145.83.

In related news, CFO Robert Kuhn sold 30,000 shares of the business’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $141.85, for a total transaction of $4,255,500.00. Following the transaction, the chief financial officer now directly owns 88,216 shares in the company, valued at $12,513,439.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joanne C. Dr Smith sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $132.05, for a total transaction of $132,050.00. Following the sale, the director now directly owns 16,658 shares in the company, valued at $2,199,688.90. The disclosure for this sale can be found here. In the last three months, insiders sold 37,348 shares of company stock worth $5,272,715. 1.70% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ATR. Piscataqua Savings Bank acquired a new position in AptarGroup during the first quarter worth approximately $36,000. Oregon Public Employees Retirement Fund raised its stake in AptarGroup by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,507 shares of the industrial products company’s stock valued at $3,047,000 after buying an additional 255 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of AptarGroup by 3.5% in the first quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the industrial products company’s stock valued at $487,000 after buying an additional 115 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of AptarGroup by 1.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,123 shares of the industrial products company’s stock worth $867,000 after acquiring an additional 100 shares during the period. Finally, Hall Laurie J Trustee increased its holdings in shares of AptarGroup by 2.9% during the 1st quarter. Hall Laurie J Trustee now owns 19,525 shares of the industrial products company’s stock worth $2,766,000 after acquiring an additional 545 shares during the last quarter. Institutional investors own 87.04% of the company’s stock.

The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $141.67 and a two-hundred day moving average of $132.64. The firm has a market cap of $9.93 billion, a P/E ratio of 47.75, a PEG ratio of 4.82 and a beta of 0.63.

AptarGroup (NYSE:ATR) last issued its quarterly earnings data on Wednesday, February 17th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. AptarGroup had a return on equity of 14.24% and a net margin of 7.34%. The firm had revenue of $749.33 million for the quarter, compared to analyst estimates of $736.10 million. On average, sell-side analysts predict that AptarGroup, Inc. will post 3.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 19th. Shareholders of record on Wednesday, April 28th will be paid a $0.38 dividend. This is a boost from AptarGroup’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, April 27th. This represents a $1.52 annualized dividend and a yield of 1.01%. AptarGroup’s payout ratio is 36.46%.

About AptarGroup (NYSE:ATR)

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: Pharma, Beauty + Home, and Food + Beverage.

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