AptarGroup (NYSE:ATR)‘s stock had its “market perform” rating reissued by stock analysts at Wells Fargo & Co in a research note issued on Wednesday, The Fly reports. They presently have a $90.00 target price on the industrial products company’s stock, up from their previous target price of $83.00. Wells Fargo & Co’s price target indicates a potential downside of 1.41% from the company’s previous close.
Several other equities analysts also recently weighed in on ATR. Zacks Investment Research upgraded shares of AptarGroup from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Wednesday, January 31st. KeyCorp reiterated a “hold” rating on shares of AptarGroup in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $85.38.
AptarGroup (ATR) traded up $0.63 on Wednesday, hitting $91.29. 200,906 shares of the stock traded hands, compared to its average volume of 310,855. The stock has a market capitalization of $5,589.00, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.16 and a quick ratio of 2.29. AptarGroup has a 52-week low of $73.40 and a 52-week high of $92.32.
In other AptarGroup news, CFO Robert Kuhn sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $87.43, for a total value of $437,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ralf K. Wunderlich sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $87.03, for a total transaction of $2,262,780.00. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC purchased a new position in AptarGroup in the 4th quarter worth approximately $3,401,000. Glenmede Trust Co. NA grew its stake in AptarGroup by 7.8% in the 4th quarter. Glenmede Trust Co. NA now owns 12,384 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 901 shares in the last quarter. Vident Investment Advisory LLC grew its stake in AptarGroup by 78.4% in the 4th quarter. Vident Investment Advisory LLC now owns 4,573 shares of the industrial products company’s stock worth $395,000 after buying an additional 2,010 shares in the last quarter. Hoylecohen LLC purchased a new position in AptarGroup in the 4th quarter worth approximately $1,682,000. Finally, Flinton Capital Management LLC grew its stake in AptarGroup by 24.2% in the 4th quarter. Flinton Capital Management LLC now owns 9,078 shares of the industrial products company’s stock worth $783,000 after buying an additional 1,768 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Wells Fargo & Co Reaffirms “Market Perform” Rating for AptarGroup (ATR)” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.chaffeybreeze.com/2018/02/15/aptargroup-atr-rating-reiterated-by-wells-fargo-co.html.
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.
Receive News & Ratings for AptarGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AptarGroup and related companies with MarketBeat.com's FREE daily email newsletter.