AptarGroup (ATR) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of AptarGroup (NYSE:ATR) from a buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “AptarGroup expects its earnings per share for first-quarter 2018 to be 90-95 cents, reflecting year-over-year growth of 1.6% at the mid-point. AptarGroup expects each segment to report elevated first-quarter revenues over the prior year. The company is poised to gain from its focus on strategies including transformation activities in Beauty + Home segment, strategic M&A and expansion in growth economies. Its Pharma business will benefit from drug delivery innovation. The company has also witnessed positive record of earnings surprises in recent quarters. Moreover, the stock outperformed the industry over the past year. However, implementation costs related to business-transformation plan as well as elevated raw material costs are expected to hurt AptarGroup's performance.”

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A number of other analysts also recently commented on ATR. ValuEngine upgraded shares of AptarGroup from a hold rating to a buy rating in a research report on Wednesday, April 11th. Robert W. Baird restated a hold rating and set a $92.00 price target on shares of AptarGroup in a research report on Wednesday, February 14th. Finally, Wells Fargo restated a market perform rating and set a $90.00 price target (up from $83.00) on shares of AptarGroup in a research report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $85.38.

Shares of NYSE:ATR opened at $96.13 on Tuesday. The stock has a market capitalization of $5,760.85, a P/E ratio of 27.60, a PEG ratio of 2.88 and a beta of 0.78. AptarGroup has a fifty-two week low of $76.94 and a fifty-two week high of $96.39. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.53 and a current ratio of 3.16.

AptarGroup (NYSE:ATR) last released its quarterly earnings results on Monday, February 12th. The industrial products company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. AptarGroup had a net margin of 8.91% and a return on equity of 16.97%. The company had revenue of $625.90 million for the quarter, compared to the consensus estimate of $577.17 million. During the same period in the previous year, the firm earned $0.69 EPS. AptarGroup’s revenue was up 16.1% on a year-over-year basis. research analysts expect that AptarGroup will post 3.78 earnings per share for the current fiscal year.

In related news, Director King W. Harris sold 68,985 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $89.99, for a total value of $6,207,960.15. Following the sale, the director now directly owns 193,474 shares in the company, valued at approximately $17,410,725.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ursula Saint-Leger sold 66,493 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $90.53, for a total transaction of $6,019,611.29. Following the completion of the sale, the insider now owns 42,690 shares in the company, valued at $3,864,725.70. The disclosure for this sale can be found here. Insiders have sold a total of 186,090 shares of company stock worth $16,807,725 over the last 90 days. 3.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in shares of AptarGroup by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 526,607 shares of the industrial products company’s stock worth $45,435,000 after purchasing an additional 5,899 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AptarGroup by 36.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,662 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 987 shares in the last quarter. Green Square Capital LLC raised its holdings in shares of AptarGroup by 143.8% in the 4th quarter. Green Square Capital LLC now owns 8,266 shares of the industrial products company’s stock worth $713,000 after purchasing an additional 4,875 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of AptarGroup by 3.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 29,406 shares of the industrial products company’s stock worth $2,537,000 after purchasing an additional 925 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AptarGroup by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 619,630 shares of the industrial products company’s stock worth $53,482,000 after purchasing an additional 12,035 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

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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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