AptarGroup, Inc. (NYSE:ATR) – Research analysts at William Blair cut their Q3 2019 earnings per share (EPS) estimates for shares of AptarGroup in a research report issued on Thursday, August 1st, according to Zacks Investment Research. William Blair analyst J. Andersen now forecasts that the industrial products company will post earnings of $0.94 per share for the quarter, down from their previous forecast of $1.07. William Blair also issued estimates for AptarGroup’s Q4 2019 earnings at $0.99 EPS, FY2019 earnings at $4.15 EPS and FY2020 earnings at $4.55 EPS.
AptarGroup (NYSE:ATR) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $742.66 million during the quarter, compared to analysts’ expectations of $752.11 million. AptarGroup had a return on equity of 18.51% and a net margin of 7.63%. AptarGroup’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS.
Several other research firms also recently commented on ATR. KeyCorp reissued a “hold” rating on shares of AptarGroup in a report on Thursday, August 1st. Deutsche Bank reissued a “buy” rating and issued a $124.00 price objective on shares of AptarGroup in a report on Thursday, May 2nd. UBS Group increased their price target on AptarGroup from $115.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on AptarGroup in a research report on Monday, July 8th. They set an “overweight” rating and a $144.00 price objective on the stock. Finally, Zacks Investment Research lowered AptarGroup from a “hold” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $122.50.
Shares of ATR stock traded up $0.51 on Monday, reaching $121.50. The company had a trading volume of 180,276 shares, compared to its average volume of 249,622. AptarGroup has a 12 month low of $88.26 and a 12 month high of $126.19. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $121.73 and a 200-day moving average of $113.37. The stock has a market cap of $7.70 billion, a PE ratio of 30.38, a PEG ratio of 2.76 and a beta of 0.76.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in AptarGroup by 1.5% during the second quarter. BlackRock Inc. now owns 5,689,676 shares of the industrial products company’s stock valued at $707,455,000 after purchasing an additional 82,467 shares in the last quarter. FMR LLC lifted its position in AptarGroup by 92.3% during the fourth quarter. FMR LLC now owns 2,001,521 shares of the industrial products company’s stock valued at $188,283,000 after purchasing an additional 960,567 shares in the last quarter. Champlain Investment Partners LLC lifted its position in AptarGroup by 4.6% during the first 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in AptarGroup by 10.2% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,322,800 shares of the industrial products company’s stock valued at $140,733,000 after purchasing an additional 122,600 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in AptarGroup by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 1,130,555 shares of the industrial products company’s stock valued at $140,573,000 after purchasing an additional 24,872 shares in the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.
In other news, insider Gael Touya sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $119.93, for a total value of $1,199,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc Prieur sold 2,000 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $121.27, for a total value of $242,540.00. Following the sale, the insider now owns 5,760 shares of the company’s stock, valued at $698,515.20. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were paid a $0.36 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 1.19%. AptarGroup’s payout ratio is presently 36.00%.
AptarGroup Company Profile
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.