Raymond James Reaffirms Outperform Rating for AptarGroup (NYSE:ATR)

AptarGroup (NYSE:ATR)‘s stock had its “outperform” rating reaffirmed by analysts at Raymond James in a note issued to investors on Monday,Benzinga reports. They presently have a $190.00 price target on the industrial products company’s stock, down from their prior price target of $200.00. Raymond James’ price target would suggest a potential upside of 32.95% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on ATR. Jefferies Financial Group upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and raised their price objective for the company from $155.00 to $215.00 in a research report on Monday, October 14th. Wells Fargo & Company decreased their price objective on AptarGroup from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday. Robert W. Baird dropped their target price on AptarGroup from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday. Dbs Bank upgraded AptarGroup from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Bank of America cut AptarGroup from a “buy” rating to a “neutral” rating and set a $173.00 price objective for the company. in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $181.60.

AptarGroup Stock Performance

Shares of NYSE ATR traded down $0.27 during trading hours on Monday, hitting $142.92. 182,572 shares of the stock were exchanged, compared to its average volume of 338,058. AptarGroup has a one year low of $134.57 and a one year high of $178.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.62 and a quick ratio of 1.15. The firm has a market capitalization of $9.51 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.57 and a beta of 0.59. The company’s 50 day moving average is $159.87 and its 200 day moving average is $158.94.

AptarGroup (NYSE:ATR) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.24. AptarGroup had a return on equity of 15.62% and a net margin of 10.45%. On average, research analysts expect that AptarGroup will post 5.95 EPS for the current year.

Insider Activity

In other AptarGroup news, EVP Kimberly Chainey sold 964 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $168.83, for a total value of $162,752.12. Following the completion of the transaction, the executive vice president now directly owns 7,848 shares of the company’s stock, valued at approximately $1,324,977.84. The trade was a 10.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ATR. State Street Corp lifted its position in AptarGroup by 0.5% in the 3rd quarter. State Street Corp now owns 2,889,811 shares of the industrial products company’s stock valued at $462,919,000 after acquiring an additional 14,001 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of AptarGroup by 29.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,106,885 shares of the industrial products company’s stock valued at $337,502,000 after purchasing an additional 479,193 shares during the period. FMR LLC boosted its position in shares of AptarGroup by 13.0% during the third quarter. FMR LLC now owns 1,864,198 shares of the industrial products company’s stock worth $298,626,000 after buying an additional 214,097 shares during the period. Geode Capital Management LLC grew its holdings in shares of AptarGroup by 5.8% during the third 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 in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in AptarGroup by 7.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,158,102 shares of the industrial products company’s stock worth $185,516,000 after acquiring an additional 82,934 shares during the last quarter. Institutional investors and hedge funds own 88.52% of the company’s stock.

AptarGroup Company Profile

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.