Zacks Investment Research lowered shares of AptarGroup, Inc. (NYSE:ATR) from a hold rating to a sell rating in a research report sent to investors on Monday, April 17th.
According to Zacks, “For first-quarter 2017, AptarGroup expects earnings to be in the range of $0.72–$0.77. AptarGroup's base business continues to be affected by consumer weakness in certain categories. In addition, cautionary spending of customers, higher resin costs and an unfavorable foreign exchange remain headwinds for AptarGroup’s performance. Estimates have been going down ahead of the company’s Q1 earnings release. The company has mixed record of earnings surprises in recent quarters. Moreover, AptarGroup underperformed the Zacks categorized Containers-Paper/Plastic market over the past one year. “
Separately, Jefferies Group LLC reduced their price objective on shares of AptarGroup from $79.00 to $77.00 and set a hold rating for the company in a research report on Sunday, February 12th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Sell and an average price target of $77.00.
Shares of AptarGroup (NYSE:ATR) traded up 0.23% during midday trading on Monday, hitting $82.33. 208,338 shares of the company traded hands. The stock has a market capitalization of $5.14 billion, a P/E ratio of 24.87 and a beta of 0.97. The company has a 50-day moving average price of $79.19 and a 200-day moving average price of $75.48. AptarGroup has a 52 week low of $70.32 and a 52 week high of $83.04.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. AptarGroup had a net margin of 8.82% and a return on equity of 16.27%. The business had revenue of $601.30 million during the quarter, compared to analyst estimates of $591.69 million. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts anticipate that AptarGroup will post $3.42 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, May 1st. AptarGroup’s dividend payout ratio is currently 40.38%.
In related news, Director Alain Chevassus sold 19,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $82.28, for a total transaction of $1,563,320.00. Following the transaction, the director now directly owns 25,396 shares in the company, valued at $2,089,582.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralf K. Wunderlich sold 2,559 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $82.81, for a total value of $211,910.79. Following the transaction, the director now owns 36,024 shares in the company, valued at $2,983,147.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 170,149 shares of company stock valued at $13,609,564. Corporate insiders own 5.50% of the company’s stock.
A number of large investors have recently modified their holdings of ATR. Wetherby Asset Management Inc. raised its stake in shares of AptarGroup by 0.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 7,468 shares of the industrial products company’s stock valued at $549,000 after buying an additional 21 shares in the last quarter. Mycio Wealth Partners LLC raised its position in AptarGroup by 0.4% in the first quarter. Mycio Wealth Partners LLC now owns 6,206 shares of the industrial products company’s stock worth $478,000 after buying an additional 26 shares during the last quarter. Opus Capital Group LLC raised its position in AptarGroup by 0.6% in the first quarter. Opus Capital Group LLC now owns 5,086 shares of the industrial products company’s stock worth $391,000 after buying an additional 30 shares during the last quarter. Toronto Dominion Bank raised its position in AptarGroup by 1.7% in the first quarter. Toronto Dominion Bank now owns 1,771 shares of the industrial products company’s stock worth $137,000 after buying an additional 30 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in AptarGroup by 0.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,565 shares of the industrial products company’s stock worth $274,000 after buying an additional 31 shares during the last quarter. 89.61% of the stock is currently owned by hedge funds and other institutional investors.
AptarGroup Company Profile
AptarGroup, Inc is a provider of a range of packaging, dispensing and sealing solutions, primarily for the beauty, personal care, homecare, prescription drug, consumer healthcare, injectables, food and beverage markets. The Company has manufacturing facilities located throughout the world, including North America, Europe, Asia and South America.
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