AptarGroup Inc. (ATR) Reaches New 52-Week High at $80.47
AptarGroup Inc. (NYSE:ATR) shares reached a new 52-week high during trading on Monday . The company traded as high as $80.47 and last traded at $80.32, with a volume of 39,688 shares trading hands. The stock had previously closed at $79.79.
Separately, Deutsche Bank AG reaffirmed a “buy” rating on shares of AptarGroup in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.00.
The firm has a market capitalization of $5.07 billion and a PE ratio of 26.23. The company has a 50-day moving average of $77.28 and a 200 day moving average of $75.43.
AptarGroup (NYSE:ATR) last announced its quarterly earnings data on Friday, April 29th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by $0.01. The business earned $582.40 million during the quarter, compared to analysts’ expectations of $586.72 million. During the same period in the previous year, the business earned $0.70 EPS. AptarGroup’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts forecast that AptarGroup Inc. will post $3.24 EPS for the current year.
In other news, CEO Stephen J. Hagge sold 25,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $76.59, for a total transaction of $1,914,750.00. Following the completion of the transaction, the chief executive officer now owns 96,159 shares in the company, valued at approximately $7,364,817.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several hedge funds and institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in AptarGroup by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,760,566 shares of the company’s stock valued at $345,854,000 after buying an additional 99,431 shares during the last quarter. Victory Capital Management Inc. increased its position in AptarGroup by 5.1% in the fourth quarter. Victory Capital Management Inc. now owns 768,750 shares of the company’s stock valued at $55,850,000 after buying an additional 37,400 shares during the last quarter. Principal Financial Group Inc. increased its position in AptarGroup by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 201,833 shares of the company’s stock valued at $14,664,000 after buying an additional 4,794 shares during the last quarter. California Public Employees Retirement System increased its position in AptarGroup by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 196,780 shares of the company’s stock valued at $14,296,000 after buying an additional 6,300 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in AptarGroup by 890.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 184,277 shares of the company’s stock valued at $13,389,000 after buying an additional 165,670 shares during the last quarter.
AptarGroup, Inc is a solution provider of a range of packaging delivery solutions for the beauty, personal care, home care, prescription drug, consumer health care, 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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